SEC Form 4 · accession 0001246360-19-000146
CROWN HOLDINGS, INC. · CCK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Djalma Novaes Jr.
Officer — President - Americas Division
Period of report
Jan 7, 2019
Accepted (ET)
Jan 9, 2019 · 1:42 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001219601
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| CommonF1 | Jan 7, 2019 | A | 22,347 | $0.00 | A | 75,806 | D | |
| Common | Jan 8, 2019 | D | 11,659 | $0.00 | D | 64,147 | D | |
| CommonF2 | Jan 8, 2019 | F | 635 | $45.45 | D | 63,512 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The Reporting Person was granted 22,347 shares of Restricted Common Stock under the 2013 Stock-Based Compensation Plan. 7,788 time-vested restricted shares vest over a three year period as follows: 2,596 time-vested restricted shares on January 7, 2020, 2021 and 2022, respectively. 6,771 performance-based restricted shares are targeted to vest on January 7, 2022 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 6,771. 7,788 performance-based restricted shares are targeted to vest on January 7, 2022 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 200% of 7,788.
- F2Represents shares transferred to the Company for tax withholding in connection with vesting of restricted stock.