Tony R. Thene has been the CEO of Carpenter Technology Corporation since July 1, 2015. Before becoming CEO, he was the Senior Vice President and CFO of the company, so he knows the ins and outs of the business. Previously,...

Tony R. Thene has been the CEO of Carpenter Technology Corporation since July 1, 2015. Before becoming CEO, he was the Senior Vice President and CFO of the company, so he knows the ins and outs of the business. Previously, he spent 23 years at Alcoa, a major aluminum manufacturer, where he also served as CFO for one of their business units. Thene is a Certified Public Accountant, which shows he has a strong background in finance. His leadership has been key during tough times, like when Carpenter Technology had to adapt to challenges during the COVID-19 pandemic. Under his direction, the company has maintained its 113-year record of uninterrupted dividend payments to shareholders, demonstrating a commitment to financial stability. In 2022, Thene’s total compensation was around $6.43 million, a reflection of his performance-based pay structure. His deep knowledge of finance and his hands-on experience in the metals industry help him navigate the company through both opportunities and challenges.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Carpenter Technology CEOs

C

Tony R. Thene

CEO of Carpenter Technology

Sector of Economy

Industrials

Born

July 30, 2024 - 0 years ago

CEO of Carpenter Technology for

9 years 9 months (Jul 2015 - Present)

Previous Experience

Unknown

Rivals

Competitors/colleagues of Tony R. Thene

A

Chris Villavarayan

CEO of Axalta Coating Systems

2023 Compensation

Stock

$0.00

Salary

$1.00M

Bonus

$1.94M

Other

$356.06K

Total Holdings

$6.04M

K

Leroy M. Ball, Jr.

CEO of Koppers Holdings

2023 Compensation

Stock

$0.00

Salary

$915.68K

Bonus

$1.27M

Other

$207.06K

Total Holdings

$11.33M

I

Patrick S. Williams

CEO of Innospec

2009 Compensation

Stock

$0.00

Salary

$675.28K

Bonus

$1.05M

Other

$89.03K

Total Holdings

$17.14M

H

Patrick H. Hawkins

CEO of Hawkins

2021 Compensation

Stock

$0.00

Salary

$500.00K

Bonus

$100.00K

Other

$59.74K

Total Holdings

$35.06M

F

John F. Kasel

CEO of Foster (Lb) Co.

2023 Compensation

Stock

$0.00

Salary

$675.00K

Bonus

$987.19K

Other

$133.07K

Total Holdings

$3.82M

L

Michael McMurray

CEO of LyondellBasell Industries N.V.

2023 Compensation

Stock

$0.00

Salary

$850.00K

Bonus

$1.13M

Other

$102.02K

Total Holdings

$26.24M

Holdings

See how much did Tony R. Thene make over time.

Tony R. Thene has made some significant moves in terms of stock holdings. His insider trading activity shows fluctuations in the value of his investments. In September 2019, his holdings were valued at about $8.42 million, but he saw variations...

Tony R. Thene has made some significant moves in terms of stock holdings. His insider trading activity shows fluctuations in the value of his investments. In September 2019, his holdings were valued at about $8.42 million, but he saw variations over the following months, with values dropping as low as $3.97 million during the early pandemic months in 2020. Things turned around as the markets recovered, and by 2023, his holdings had skyrocketed, reaching around $25.41 million in September. Currently, his stock holdings have further increased, showing his confidence in the company and its direction as it aims for growth in specialty metals manufacturing. This progression illustrates not only his growth in wealth but also his belief in the long-term success of Carpenter Technology.

Total Stock Sold

$7.02M

CRS

$7.02M

60,297 CRS shares

What if they kept their stock?

If Tony R. Thene didn't sell their stock, today they would have:
Extra CRS60,297 shares worth $1.19M.
This is -83% and $5.82M less than what they got when they sold the stock.

Insider Trading

See recent insider trades of Tony R. Thene.

CRS

$5.18M

CRS at $181.87/share

Nov 19, 2024

Sale

CRS

15,683 shares

CRS

Aug 15, 2024

Received

CRS

87,114 shares

CRS

Jul 16, 2024

Received

CRS

34,430 shares

CRS

Aug 15, 2023

Received

CRS

79,488 shares

CRS

Jul 18, 2023

Received

CRS

50,711 shares

CRS

Aug 15, 2022

Received

CRS

11,668 shares

CRS

Jul 19, 2022

Received

CRS

45,970 shares

CRS

Aug 15, 2021

Received

CRS

18,291 shares

CRS

Jul 21, 2021

Received

CRS

65,422 shares

CRS

Aug 17, 2020

Received

Compensation History

See how much did Tony R. Thene make over time.

In 2022, Tony R. Thene's total compensation package was approximately $6.43 million. His base salary was $970,898, but a large chunk of his earnings came from vested stock awards, valued at about $3.79 million. His performance-based compensation philosophy ensures that his pay is tied to the company’s success and aligns with shareholders' interests. This approach to compensation is structured to drive long-term value, rewarding him based on critical financial metrics like operating income and adjusted free cash flow. It’s not just about the salary; he also benefits from other forms of compensation, including perks that help with financial and tax planning. Overall, his pay over the years reflects the company's performance and stability.

Year

2022

Total Compensation

$4.91M

Salary

$970.90K

Board Justification

The compensation program is designed to align the interests of executives with those of stockholders, focusing on performance-based incentives to drive long-term value creation.

Bonus

$0.00

Board Justification

The annual bonus was paid at 137.1% of target, consistent with operating results and other executives.

Other

$154.69K

Board Justification

Includes various forms of compensation such as financial and tax counseling, medical examinations, and other benefits.

Restricted Stock

$3.79M(3.79M RSU)

Board Justification

The total value of stock awards vested in 2022, which includes performance-based RSUs and time-based RSUs.

Performance Metrics

Operating income, adjusted free cash flow, safety metrics, adjusted ROIC, adjusted EBITDA, and ESG-based goals.

Other Carpenter Technology CEOs

Here are other CEOs of Carpenter Technology

William A. Wulfsohn

Ex-CEO of Carpenter Technology

November 2014 - December 2014