Timothy J. Donahue - Jan 4, 2023 Form 4 Insider Report for CROWN HOLDINGS INC (CCK)

Signature
/s/ Rosemary Haselroth, by Power of Attorney
Stock symbol
CCK
Transactions as of
Jan 4, 2023
Transactions value $
-$256,139
Form type
4
Date filed
1/6/2023, 02:47 PM
Previous filing
Feb 28, 2022
Next filing
Jan 10, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CCK Common Award $0 +90.8K +17.53% $0.00 609K Jan 4, 2023 Direct F1
transaction CCK Common Tax liability -$256K -3.08K -0.51% $83.27 606K Jan 5, 2023 Direct F2
holding CCK Common 732 Jan 4, 2023 By 401(k) Plan F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person was granted 90,795 shares of Restricted Common Stock under the 2022 Stock-Based Compensation Plan. 31,556 time-vested restricted shares vest over a three year period as follows: 10,519 time-vested restricted shares on January 4, 2024 and January 6, 2025, respectively and 10,518 time-vested restricted shares on January 5, 2026. 27,404 performance-based restricted shares are targeted to vest on January 5, 2026 based on the Company's Total Shareholder Return versus a defined peer group of companies, with the final number of performance-based vested shares varying from 0 to 200% of 27,404. 31,835 performance-based restricted shares are targeted to vest on January 5, 2026 based on the Return on Invested Capital achieved by the Company compared to the ROIC target, with the final number of performance-based vested shares varying from 0 to 31,835.
F2 Represents shares transferred to the Company for tax withholding in connection with vesting of restricted stock.
F3 At December 31, 2022, the Reporting Person owned 732 shares of CCK Common Stock under the CCK 401(k) Plan.