Timothy J. Donahue - Feb 24, 2023 Form 4 Insider Report for CROWN HOLDINGS INC (CCK)

Signature
/s/ Rosemary Haselroth, by Power of Attorney
Stock symbol
CCK
Transactions as of
Feb 24, 2023
Transactions value $
-$1,992,474
Form type
4
Date filed
2/27/2023, 09:19 AM
Previous filing
Jan 10, 2023
Next filing
Dec 8, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CCK Common Award $0 +29.6K +5.11% $0.00 609K Feb 24, 2023 Direct F1
transaction CCK Common Tax liability -$1.99M -23.3K -3.83% $85.58 585K Feb 24, 2023 Direct F2
holding CCK Common 732 Feb 24, 2023 By 401(k) Plan
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents additional performance-based shares of Restricted Common Stock that vested on February 24, 2023 whose grant was originally reported on a Form 4 filed with the Securities and Exchange Commission on January 13, 2020 (the "Original Form 4"). As reported on the Original Form 4, such performance-based shares were originally granted to the Reporting Person based on the Company's Return on Invested Capital achieved by the Company compared to the ROIC target with the final number of performance-based shares varying from 0 to 200% of 29,583. The Return on Invested Capital achieved by the Company compared to the ROIC target yielded 200% payout. As a result, 29,583 additional ROIC Performance Shares were issued.
F2 Represents shares transferred to the Company for tax withholding in connection with vesting of restricted stock.