Gerard H. Gifford - Jan 3, 2024 Form 4 Insider Report for CROWN HOLDINGS, INC. (CCK)

Role
EVP & COO
Signature
/s/ Rosemary Haselroth, by Power of Attorney
Stock symbol
CCK
Transactions as of
Jan 3, 2024
Transactions value $
-$155,837
Form type
4
Date filed
1/5/2024, 12:05 PM
Previous filing
Dec 8, 2023
Next filing
Jan 9, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CCK Common Award $0 +34.7K +33.06% $0.00 140K Jan 3, 2024 Direct F1
transaction CCK Common Tax liability -$156K -1.73K -1.24% $90.34 138K Jan 4, 2024 Direct F2
holding CCK Common 5.74K Jan 3, 2024 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 34,673 shares of Restricted Common Stock under the 2022 Stock-Based Compensation Plan. 11,922 time-vested restricted shares vest over a three year period as follows: 3,974 time-vested restricted shares on January 6, 2025, January 5, 2026 and January 4, 2027, respectively. 10,695 performance-based restricted shares are targeted to vest on January 4, 2027 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 10,695. 12,056 performance-based restricted shares are targeted to vest on January 4, 2027 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 12,056.
F2 Represents shares transferred to the Company for tax withholding in connection with vesting of restricted stock.
F3 At December 31, 2023, the Reporting Person owned 5,735 shares of CCK Common Stock under the CCK 401(k) Plan.