Related Party and Party-in-Interest Transactions |
12 Months Ended |
|---|---|
Dec. 31, 2025 | |
| EBP 019 | |
| EBP, Related Party and Party-in-Interest Transactions [Line Items] | |
| Related Party and Party-in-Interest Transactions | Related Party and Party-in-Interest Transactions The Plan issues loans to participants, which are secured by the participants' account balances. These loans qualify as party-in-interest. Fees paid by the Plan in 2025 for loan services totaled $1,000. Certain of the Plan's investments are managed by the Trustee, and therefore qualify as party-in-interest transactions. Fees paid by the Plan in 2025 to the Trustee for investment management services related to these funds totaled $24,000. The Carpenter Technology Stock Fund held in the Master Trust at December 31, 2025 and 2024 is invested in shares of the Plan Sponsor, therefore these transactions qualify as related party and party-in-interest transactions. Total purchases and sales in 2025, at market value, were $74,000 and $430,000, respectively. The Plan's interest in the Carpenter Technology Stock Fund included 848 and 1,986 of equivalent shares with a share price of $314.84 and $169.71 as of December 31, 2025 and 2024, respectively. Certain administrative functions of the Plan are performed by officers or employees of the Company or Plan Sponsor. No such officer or employee receives compensation from the Plan.
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