Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.
Each company listed discloses CRS in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named CRS in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Tony Thene | $1,020,192 | $0 | $4,500,080 | $0 | $2,698,408 | $0 | $198,198 | $8,416,878 |
| President and Chief Executive Officer | ||||||||
| Timothy Lain | 547,958 | 0 | 1,150,056 | 0 | 1,008,243 | 21,338 | 92,923 | 2,820,517 |
| Sr. Vice President and Chief Financial Officer | ||||||||
| Brian Malloy | 535,960 | 0 | 1,100,128 | 0 | 986,166 | 0 | 91,462 | 2,713,716 |
| Sr. Vice President and Chief Operating Officer | ||||||||
| Marshall Akins | 482,364 | 0 | 850,204 | 0 | 832,078 | 0 | 57,707 | 2,222,353 |
| Vice President and Chief Commercial Officer | ||||||||
| James Dee | 498,702 | 0 | 750,062 | 0 | 688,209 | 48,785 | 83,049 | 2,068,807 |
| Sr. Vice President, General Counsel and Secretary | ||||||||
A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.
| Named executive officer | FY2025 total | FY2024 total | FY2023 total | Δ FY2024→2025 |
|---|---|---|---|---|
| Tony Thene | $8,416,878 | — | — | — |
| Timothy Lain | 2,820,517 | — | — | — |
| Brian Malloy | 2,713,716 | — | — | — |
| Marshall Akins | 2,222,353 | — | — | — |
| James Dee | 2,068,807 | — | — | — |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
No insider equity transactions reported since the proxy statement.
Carpenter Technology's executive compensation programs are designed to provide compensation levels benchmarked to attract, motivate and retain exceptional managerial talent for the present and future, to reward executives for achieving financial and strategic company goals, and to align their interests with the interests of stockholders.
| CEO STI target (% of salary) | — |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | — |
| Clawback policy | — |
| Anti-hedging | — |
| Anti-pledging | — |
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2025 | 2025-10-07 | 40,715,597 | 1,134,561 | 96,749 | 97.29% | Passed |
| 2024 | 2024-10-07 | 43,630,676 | 591,222 | 58,316 | 98.66% | Passed |
| 2023 | 2023-10-10 | 41,789,938 | 584,875 | 253,080 | 98.62% | Passed |
| 2022 | 2022-10-11 | 40,469,310 | 525,149 | 54,695 | 98.72% | Passed |
| 2021 | 2021-10-12 | 41,545,811 | 1,144,964 | 139,391 | 97.32% | Passed |
| 2020 | 2020-10-13 | 37,109,845 | 3,241,196 | 85,809 | 91.97% | Passed |
Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.
| Meeting year | Meeting date | Approval — company's computation |
|---|---|---|
| 2025 | 2025-10-07 | 97.29%a |
| 2024 | 2024-10-07 | 98.66%b |
| 2023 | 2023-10-10 | 98.62%c |
a. Voting standard not stated in the filing.
b. Voting standard not stated in the filing.
c. Voting standard not stated in the filing.
Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Julie A. BeckIndependent · Corporate Governance · Strategy · Human Capital · Human Capital Management Committee · Newly elected | $27,072 | $82,788 | $445,874 | — | $80 | $555,814 |
| Howard H. YuIndependent · Audit/Finance · Science, Technology and Sustainability · Newly elected | 56,250 | 135,146 | 357,594 | — | 333 | 549,323 |
| I. Martin InglisIndependent · Board Chair · Not standing for re-election · Departed during FY | 110,000 | 220,122 | 60,060 | — | 57,310 | 447,492 |
| Stephen M. Ward JrIndependent · Lead Independent Director · Corporate Governance (Chair) · Science, Technology and Sustainability · Human Capital · Human Capital Management Committee | 89,375 | 135,075 | 35,075 | — | 60,696 | 321,902 |
| Steven E. KarolIndependent · Corporate Governance · Strategy (Chair) · Human Capital · Human Capital Management Committee | 90,000 | 135,075 | 35,075 | — | 31,931 | 292,081 |
| Charles D. McLane JrIndependent · Audit/Finance (Chair) · Strategy · Audit (Chair) | 100,000 | 135,075 | 35,075 | — | 18,835 | 288,985 |
| Kathleen LigockiIndependent · Corporate Governance · Strategy · Human Capital (Chair) · Human Capital Management Committee (Chair) | 92,500 | 135,075 | 35,075 | — | 19,758 | 282,408 |
| A. John HartIndependent · Audit/Finance · Science, Technology and Sustainability · Audit | 90,000 | 135,075 | 35,075 | — | 16,540 | 276,690 |
| Viola L. AcoffIndependent · Corporate Governance · Science, Technology and Sustainability · Human Capital · Human Capital Management Committee | 90,000 | 135,075 | 35,075 | — | 16,528 | 276,678 |
| Ramin YounessiIndependent · Audit/Finance · Science, Technology and Sustainability | 75,000 | 135,075 | 35,075 | — | 7,727 | 256,471 |
| Colleen S. PritchettIndependent · Audit/Finance · Strategy · Audit | 75,000 | 135,075 | 35,075 | — | 2,459 | 247,609 |
| Annual cash retainer | $75,000 |
|---|---|
| Annual equity retainer | $75,000 |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | — |
| Stock ownership guideline | — |
| Component | FY2025 |
|---|---|
| Cash retainers and fees | $895,197 |
| Equity awards (grant-date value) | $1,518,656 |
| All other compensation | $232,197 |
| Total cost of the board | $2,646,050 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.
Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.
| Rank | Company | FY | Chief executive | Salary | Stock awards | Option awards | Non-equity incentive | Total |
|---|---|---|---|---|---|---|---|---|
| 1 | Carpenter Technology | 2025 | Tony Thene | $1,020,192 | $4,500,080 | $0 | $2,698,408 | $8,416,878 |
Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.
Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.
| # | Supports | Document | Filed | Accession | Location in document |
|---|---|---|---|---|---|
| 1 | Section 01, Tony Thene | DEF 14A | 2025-09-12 | 0001193125-25-202215 | Section “Executive Compensation”. As printed: 8,416,878. Filing ↗machine: r6 · c33 · span 2594412–2594421 |
| 2 | Section 01, Timothy Lain | DEF 14A | 2025-09-12 | 0001193125-25-202215 | Section “Executive Compensation”. As printed: 2,820,517. Filing ↗machine: r11 · c33 · span 2647327–2647336 |
| 3 | Section 01, Brian Malloy | DEF 14A | 2025-09-12 | 0001193125-25-202215 | Section “Executive Compensation”. As printed: 2,713,716. Filing ↗machine: r16 · c33 · span 2700243–2700252 |
| 4 | Section 01, Marshall Akins | DEF 14A | 2025-09-12 | 0001193125-25-202215 | Section “Executive Compensation”. As printed: 2,222,353. Filing ↗machine: r26 · c33 · span 2806073–2806082 |
| 5 | Section 01, James Dee | DEF 14A | 2025-09-12 | 0001193125-25-202215 | Section “Executive Compensation”. As printed: 2,068,807. Filing ↗machine: r21 · c33 · span 2753155–2753164 |
| 6 | Section 08, Julie A. Beck | DEF 14A | 2025-09-12 | 0001193125-25-202215 | Section “Director Compensation”. As printed: 555,814. Filing ↗machine: span 1425535–1425542 |
| 7 | Section 08, Howard H. Yu | DEF 14A | 2025-09-12 | 0001193125-25-202215 | Section “Director Compensation”. As printed: 549,323. Filing ↗machine: span 1509340–1509347 |
| 8 | Section 08, I. Martin Inglis | DEF 14A | 2025-09-12 | 0001193125-25-202215 | Section “Director Compensation”. As printed: 447,492. Filing ↗machine: span 1444375–1444382 |
| 9 | Section 08, Stephen M. Ward Jr | DEF 14A | 2025-09-12 | 0001193125-25-202215 | Section “Director Compensation”. As printed: 321,902. Filing ↗machine: span 1491411–1491418 |
| 10 | Section 08, Steven E. Karol | DEF 14A | 2025-09-12 | 0001193125-25-202215 | Section “Director Compensation”. As printed: 292,081. Filing ↗machine: span 1453766–1453773 |
| 11 | Section 08, Charles D. McLane Jr | DEF 14A | 2025-09-12 | 0001193125-25-202215 | Section “Director Compensation”. As printed: 288,985. Filing ↗machine: span 1472616–1472623 |
| 12 | Section 08, Kathleen Ligocki | DEF 14A | 2025-09-12 | 0001193125-25-202215 | Section “Director Compensation”. As printed: 282,408. Filing ↗machine: span 1463158–1463165 |
| 13 | Section 08, A. John Hart | DEF 14A | 2025-09-12 | 0001193125-25-202215 | Section “Director Compensation”. As printed: 276,690. Filing ↗machine: span 1434982–1434989 |
| 14 | Section 08, Viola L. Acoff | DEF 14A | 2025-09-12 | 0001193125-25-202215 | Section “Director Compensation”. As printed: 276,678. Filing ↗machine: span 1416150–1416157 |
| 15 | Section 08, Ramin Younessi | DEF 14A | 2025-09-12 | 0001193125-25-202215 | Section “Director Compensation”. As printed: 256,471. Filing ↗machine: span 1500804–1500811 |
| 16 | Section 08, Colleen S. Pritchett | DEF 14A | 2025-09-12 | 0001193125-25-202215 | Section “Director Compensation”. As printed: 247,609. Filing ↗machine: span 1482011–1482018 |
| 17 | Section 06, 2025 vote | Form 8-K | 2025-10-08 | 0001193125-25-234651 | Item 5.07 · say-on-pay result. As reported: 97.29% (votes for as printed: 40,715,597). Filing ↗ |
| 18 | Section 06, 2024 vote | Form 8-K | 2024-10-09 | 0001193125-24-235222 | Item 5.07 · say-on-pay result. As reported: 98.66% (votes for as printed: 43,630,676). Filing ↗ |
| 19 | Section 06, 2023 vote | Form 8-K | 2023-10-12 | 0001193125-23-254999 | Item 5.07 · say-on-pay result. As reported: 98.62% (votes for as printed: 41,789,938). Filing ↗ |
| 20 | Section 09b board cost (computed) | Computed | — | computed | Cash 895,197 + equity 1,518,656 + all other 232,197 = 2,646,050, summed across the director compensation table rows.machine: formula: Σ = 2,646,050 |
| 21 | Carpenter Technology (subject), Section 10b CEO total | DEF 14A | 2025-09-12 | 0001193125-25-202215 | CEO total compensation as printed in Carpenter Technology's own proxy. As printed: 8,416,878. Filing ↗machine: r6 · c33 · span 2594412–2594421 |