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    Tony R. Thene

    President and Chief Executive Officer at Carpenter Technology Corp
    Board
    Since July 1, 2015
    Age
    63 years
    Education
    Earned an undergraduate degree in Accounting from Indiana State University and an MBA from Case Western Reserve University in Cleveland, Ohio.
    Tenure
    Joined CRS in January 2013 as Senior Vice President and Chief Financial Officer and was promoted to President and Chief Executive Officer on July 1, 2015.

    Also at Carpenter Technology Corp

    BJM
    Brian J. Malloy
    Senior Vice President and Chief Operating Officer
    JDD
    James D. Dee
    Senior Vice President, General Counsel, and Secretary
    MDA
    Marshall D. Akins
    Vice President - Chief Commercial Officer

    About

    Tony R. Thene is a seasoned executive with extensive experience in finance and operations, currently serving as the President and Chief Executive Officer at CRS. He is 63 years old and has built his career on a solid foundation of financial expertise and strategic leadership.

    He earned an undergraduate degree in Accounting from Indiana State University and an MBA from Case Western Reserve University, which have been instrumental in his career progression. His education has supported a lengthy and distinguished tenure at both CRS and previous corporations.

    At CRS, he joined in January 2013 as Senior Vice President and Chief Financial Officer and was promoted to President and Chief Executive Officer on July 1, 2015. Prior to his time at CRS, he spent 23 years at Alcoa, Inc., holding several significant financial and management roles, which further highlights his comprehensive industry expertise.

    $CRS Performance Under Tony R. Thene

    Past Roles

    OrganizationRoleDate RangeDetails
    Mativ Holdings, Inc. Board of Directors 2022 – May 2024 Concluded board role
    Neenah, Inc. Board of Directors 2018 – 2022 Former board position
    Carpenter Technology Corporation (CRS) Senior Vice President and Chief Financial Officer January 2013 – June 2015 Former role prior to becoming CEO
    Alcoa Inc. Chief Financial Officer, Engineered Products and Solutions Business Group 2010 – 2013 CFO role during his tenure at Alcoa
    Alcoa Inc. Vice President, Controller and Chief Accounting Officer N/A Multiple management roles
    Alcoa Inc. Director, Investor Relations N/A Held as part of various leadership roles
    Alcoa Inc. Chief Financial Officer, Flat Rolled Products Group N/A Role details not dated
    Alcoa Inc. Chief Financial Officer, Alcoa World Alumina and Chemicals N/A Role details not dated
    Alcoa Inc. Manufacturing Manager, Alumina Chemicals business N/A Role details not dated

    External Roles

    OrganizationRoleDate RangeDetails
    Furman University Board of Trustees N/A No specific dates provided

    Fixed Compensation

    Data from  FY 2024
    Component NameAmountPayment ScheduleAdditional Details
    Salary$996,154 AnnualN/A
    Stock Awards$4,000,077 AnnualN/A
    Non-Equity Incentive Plan Compensation$2,117,272 AnnualN/A
    All Other Compensation$209,871 AnnualIncludes Perquisites $10,000 , Retirement Contributions $49,714 , Dividend Equivalents $90,378
    Non-Qualified Deferred CompensationN/AN/ANot applicable for 2024
    Outstanding Equity Awards - Option AwardsOptions: 10,524 (@$53.95, exp 08/01/24); 61,650 (@$40.43, exp 07/31/27); 29,930 (@$58.94, exp 08/06/28); 43,500 (@$44.13, exp 08/15/29) Based on vesting conditionsDetailed option award terms provided
    Outstanding Equity Awards - Stock Awards83,560 shares; $9,156,505 market value Based on vesting conditionsN/A
    Outstanding Equity Awards - Equity Incentive Plan Awards170,282 units; $18,659,502 value Based on vesting conditionsN/A
    Potential Payments Upon Termination - Before Change-in-ControlRSU: $1,607,100, $2,893,569; PSO: $3,704,681, $1,257,650 Event-based on terminationN/A
    Potential Payments Upon Termination - After Change-in-ControlRSU: $1,679,094, $3,704,571, $3,772,839; PSO: $5,556,911, $3,772,839; Severance: $4,224,294 Event-based on terminationIncludes Base Salary & Bonus $4,150,000 , Benefit Continuation $54,294 , Outplacement $20,000

    Performance Compensation

    Data from  FY 2024

    Adjusted ROIC Based RSU

    MetricValueCitation
    Threshold32% of target
    Target100% of target
    Maximum200% of target
    Vesting DateJune 30, 2026
    Grant DateAugust 15, 2023
    Grant Date Fair Value ($USD)$2,000,039
    Target Units34,430
    Maximum Units68,860
    TSR Modifier±20% adjustment based on TSR

    Adjusted EBITDA Based RSU

    MetricValueCitation
    Threshold32% of target
    Maximum200% of target
    Vesting DateJune 30, 2026
    Grant DateAugust 15, 2023
    Grant Date Fair Value ($USD)$2,000,039
    NoteNo specific numeric targets provided for Adjusted EBITDA
    TSR Modifier±20% adjustment based on TSR

    ESG-Based RSU

    MetricValueCitation
    Threshold32% of target
    Maximum200% of target
    Vesting DateJune 30, 2026
    Grant DateAugust 15, 2023
    Grant Date Fair Value ($USD)$4,000,077
    NoteESG goals details not fully specified
    TSR Modifier±20% adjustment based on TSR