Pay vs Performance Disclosure - USD ($)

12 Months Ended

Jun. 30, 2026

Jun. 30, 2025

Jun. 30, 2024

Jun. 30, 2023

Jun. 30, 2022

Pay vs Performance Disclosure

Pay vs Performance Disclosure, Table

Pay versus Performance Table


									Value of Initial Fixed $100 Investment Based On:				Stated in Millions

Fiscal Year (a)	Summary Compensation Table Total for CEO(1) ($) (b)		Compensation Actually Paid to CEO(2) ($) (c)		Average Summary Compensation Table Total for Non-CEO NEOs(3) ($) (d)		Average Compensation Actually Paid to Non-CEO NEOs(4) ($) (e)		Carpenter Technology TSR(5) ($) (f)		Peer Group TSR(6) ($) (g)		Net Income (Loss)(7) ($) (h)			Adjusted Operating Income (Loss)(8) ($) (i)


2026		12,393,230		72,151,374		2,737,932		14,491,047		1,634		154		530			702


2025		8,416,878		51,388,770		2,456,349		10,494,046		1,249		139		376			525


2024		7,323,374		26,232,397		2,108,314		5,398,873		255		155		187			354


2023		6,432,797		16,151,965		1,578,747		3,196,820		120		153		56			133


2022		4,814,008		1,682,799		1,253,777		752,362		83		147		(49	)		(4	)

(1)

Column (b) reflects compensation amounts reported in the SCT for our CEO, Tony R. Thene, for the respective years shown.

(2)

CAP reflects column (b), with certain adjustments as detailed in the table below, in accordance with SEC rules. The dollar amounts shown have been calculated in accordance with Item 402(v) of Regulation S-K and do not reflect compensation actually earned, realized or received by the Company’s CEO during the applicable year. For information regarding the decisions made by our Human Capital Management Committee with regard to the CEO’s compensation for each fiscal year, please see the CD&A section of the Proxy Statements reporting pay for the fiscal years covered in the table above.

           
Executive Compensation • Pay versus Performance Table


Fiscal Year	2026 ($)	2025 ($)	2024 ($)	2023 ($)	2022 ($)


CEO	T. Thene	T. Thene	T. Thene	T. Thene	T. Thene


SCT Total Compensation	12,393,230	8,416,878	7,323,374	6,432,797	4,814,008


Minus stock and option award values reported in the SCT for the covered fiscal year	(8,250,418)	(4,500,080)	(4,000,077)	(3,785,070)	(3,285,016)


Plus Fair Value (“FV”) for stock and option awards granted in the covered fiscal year	24,382,729	9,882,586	8,677,531	6,512,582	2,566,045


Change in FV of stock and option awards from prior fiscal years that vested in the covered fiscal year	26,229,081	20,716,032	6,436,255	3,587,119	(472,703)


Change in FV of outstanding unvested stock and option awards from prior fiscal years	17,396,753	16,873,354	7,795,314	3,404,537	(1,939,535)


Less FV of stock and option awards forfeited during the covered fiscal year	0	0	0	0	0


Less aggregate change in actual present value of accumulated benefits under pension plans	0	0	0	0	0


Plus aggregate service costs and prior service costs for pension plans	0	0	0	0	0


Compensation Actually Paid	72,151,374	51,388,770	26,232,397	16,151,965	1,682,799

          Equity Valuations for CEO and Non-CEO NEOs: Stock option grant date fair values are calculated based on the Black-Scholes option pricing model as of the grant date. Adjustments have been made using stock option fair values as of each measurement date using (1) the stock price as of the measurement date, and (2) updated assumptions (i.e., term, volatility, dividend yield, and risk-free rates) as of the measurement date. Performance-based restricted stock unit grant date fair values are calculated using the stock price as of the grant date, assuming target performance. Adjustments have been made using the stock price and estimated attainment as of the measurement date. Time-based restricted stock unit grant date fair values are calculated using the stock price as of the grant date. Adjustments have been made using the stock price as of the measurement date. 

         

         
Executive Compensation • Pay versus Performance Table

(3) The dollar amounts shown reflect the average of the compensation amounts reported in the SCT for the following non-CEO NEOs for each respective fiscal year shown:

▪

Fiscal year 2026: Timothy Lain, Brian J. Malloy, James D. Dee, and Marshall D. Akins

▪

Fiscal year 2025: Timothy Lain, Brian J. Malloy, James D. Dee, and Marshall D. Akins

▪

Fiscal year 2024: Timothy Lain, Brian J. Malloy, James D. Dee, and Marshall D. Akins

▪

Fiscal year 2023: Timothy Lain, Brian J. Malloy, James D. Dee, and David Graf

▪

Fiscal year 2022: Timothy Lain, Brian J. Malloy, James D. Dee, and David Graf

(4) CAP reflects column (d), with certain adjustments as detailed in the table below, in accordance with SEC rules. The dollar amounts shown have been calculated in accordance with Item 402(v) of Regulation S-K and do not necessarily reflect compensation actually earned, realized or received by the Company’s non-CEO NEOs during the applicable year. For information regarding the decisions made by our Human Capital Management Committee with regard to the non-CEO NEOs’ compensation for each fiscal year, please see the CD&A sections of the Proxy Statements reporting pay for the fiscal years covered in the table above.


Fiscal Year	2026 ($)	2025 ($)	2024 ($)	2023 ($)	2022 ($)


Non-CEO NEOs	See (3) above	See (3) above	See (3) above	See (3) above	See (3) above


SCT Total Compensation	2,737,932	2,456,349	2,108,314	1,578,747	1,253,777


Minus stock and option award values reported in the SCT for the covered fiscal year	(1,150,390)	(962,613)	(875,068)	(625,016)	(593,780)


Plus FV for stock and option awards granted in the covered fiscal year	3,399,785	2,113,984	1,898,320	1,075,403	463,822


Change in FV of stock and option awards from prior fiscal years that vested in the covered fiscal year	5,770,764	3,372,425	1,016,301	566,477	(69,370)


Change in FV of outstanding unvested stock and option awards from prior fiscal years	3,740,146	3,530,631	1,258,291	601,209	(302,087)


Less FV of stock and option awards forfeited during the covered fiscal year	0	0	0	0	0


Less aggregate change in actual present value of accumulated benefits under pension plans	(7,977)	(17,531)	(8,083)	0	0


Plus aggregate service costs and prior service costs for pension plans	788	801	798	0	0


Compensation Actually Paid	14,491,047	10,494,046	5,398,873	3,196,820	752,362

(5) Reflects the five-year cumulative TSR of Carpenter Technology Corporation for the measurement periods ending on June 30 of each of 2026, 2025, 2024, 2023 and 2022, respectively. TSR represents the cumulative investment return of an initial fixed $100 investment in the company’s common stock, assuming reinvestment of all dividends. The company’s TSR as reflected in the table above may not be indicative of future performance.

(6) Reflects the five-year cumulative TSR of the Russell Index (“Peer Group TSR”) for the measurement periods ending on June 30 of each of 2026, 2025, 2024, 2023 and 2022. Peer Group TSR represents the cumulative investment return of an initial fixed $100 investment in the Russell Index, assuming reinvestment of all dividends.

(7) Reflects Net Income (Loss) reported in the Company’s Consolidated Statements of Operations included in the Company’s Annual Report on Form 10-K for each of the fiscal years ended June 30, 2026, 2025, 2024, 2023 and 2022.

(8) Company-selected measure is Adjusted Operating Income (Loss), which is Net Sales minus Operating Expenses (includes cost of sales, and selling, general and administrative expenses), excluding special items.

Company Selected Measure Name

Adjusted Operating Income (Loss)

Named Executive Officers, Footnote

▪

Fiscal year 2026: Timothy Lain, Brian J. Malloy, James D. Dee, and Marshall D. Akins

▪

Fiscal year 2025: Timothy Lain, Brian J. Malloy, James D. Dee, and Marshall D. Akins

▪

Fiscal year 2024: Timothy Lain, Brian J. Malloy, James D. Dee, and Marshall D. Akins

▪

Fiscal year 2023: Timothy Lain, Brian J. Malloy, James D. Dee, and David Graf

▪

Fiscal year 2022: Timothy Lain, Brian J. Malloy, James D. Dee, and David Graf

Peer Group Issuers, Footnote

Peer Group TSR represents the cumulative investment return of an initial fixed $100 investment in the Russell Index, assuming reinvestment of all dividends.

PEO Total Compensation Amount

$ 12,393,230

$ 8,416,878

$ 7,323,374

$ 6,432,797

$ 4,814,008

PEO Actually Paid Compensation Amount

$ 72,151,374

51,388,770

26,232,397

16,151,965

1,682,799

Adjustment To PEO Compensation, Footnote

(2)

           
Executive Compensation • Pay versus Performance Table


Fiscal Year	2026 ($)	2025 ($)	2024 ($)	2023 ($)	2022 ($)


CEO	T. Thene	T. Thene	T. Thene	T. Thene	T. Thene


SCT Total Compensation	12,393,230	8,416,878	7,323,374	6,432,797	4,814,008


Minus stock and option award values reported in the SCT for the covered fiscal year	(8,250,418)	(4,500,080)	(4,000,077)	(3,785,070)	(3,285,016)


Plus Fair Value (“FV”) for stock and option awards granted in the covered fiscal year	24,382,729	9,882,586	8,677,531	6,512,582	2,566,045


Change in FV of stock and option awards from prior fiscal years that vested in the covered fiscal year	26,229,081	20,716,032	6,436,255	3,587,119	(472,703)


Change in FV of outstanding unvested stock and option awards from prior fiscal years	17,396,753	16,873,354	7,795,314	3,404,537	(1,939,535)


Less FV of stock and option awards forfeited during the covered fiscal year	0	0	0	0	0


Less aggregate change in actual present value of accumulated benefits under pension plans	0	0	0	0	0


Plus aggregate service costs and prior service costs for pension plans	0	0	0	0	0


Compensation Actually Paid	72,151,374	51,388,770	26,232,397	16,151,965	1,682,799

Non-PEO NEO Average Total Compensation Amount

$ 2,737,932

2,456,349

2,108,314

1,578,747

1,253,777

Non-PEO NEO Average Compensation Actually Paid Amount

$ 14,491,047

10,494,046

5,398,873

3,196,820

752,362

Adjustment to Non-PEO NEO Compensation Footnote

CAP reflects column (d), with certain adjustments as detailed in the table below, in accordance with SEC rules. The dollar amounts shown have been calculated in accordance with Item 402(v) of Regulation S-K and do not necessarily reflect compensation actually earned, realized or received by the Company’s non-CEO NEOs during the applicable year. For information regarding the decisions made by our Human Capital Management Committee with regard to the non-CEO NEOs’ compensation for each fiscal year, please see the CD&A sections of the Proxy Statements reporting pay for the fiscal years covered in the table above.


Fiscal Year	2026 ($)	2025 ($)	2024 ($)	2023 ($)	2022 ($)


Non-CEO NEOs	See (3) above	See (3) above	See (3) above	See (3) above	See (3) above


SCT Total Compensation	2,737,932	2,456,349	2,108,314	1,578,747	1,253,777


Minus stock and option award values reported in the SCT for the covered fiscal year	(1,150,390)	(962,613)	(875,068)	(625,016)	(593,780)


Plus FV for stock and option awards granted in the covered fiscal year	3,399,785	2,113,984	1,898,320	1,075,403	463,822


Change in FV of stock and option awards from prior fiscal years that vested in the covered fiscal year	5,770,764	3,372,425	1,016,301	566,477	(69,370)


Change in FV of outstanding unvested stock and option awards from prior fiscal years	3,740,146	3,530,631	1,258,291	601,209	(302,087)


Less FV of stock and option awards forfeited during the covered fiscal year	0	0	0	0	0


Less aggregate change in actual present value of accumulated benefits under pension plans	(7,977)	(17,531)	(8,083)	0	0


Plus aggregate service costs and prior service costs for pension plans	788	801	798	0	0


Compensation Actually Paid	14,491,047	10,494,046	5,398,873	3,196,820	752,362

Equity Valuation Assumption Difference, Footnote

          Equity Valuations for CEO and Non-CEO NEOs: Stock option grant date fair values are calculated based on the Black-Scholes option pricing model as of the grant date. Adjustments have been made using stock option fair values as of each measurement date using (1) the stock price as of the measurement date, and (2) updated assumptions (i.e., term, volatility, dividend yield, and risk-free rates) as of the measurement date. Performance-based restricted stock unit grant date fair values are calculated using the stock price as of the grant date, assuming target performance. Adjustments have been made using the stock price and estimated attainment as of the measurement date. Time-based restricted stock unit grant date fair values are calculated using the stock price as of the grant date. Adjustments have been made using the stock price as of the measurement date. 

         

Compensation Actually Paid vs. Total Shareholder Return

Compensation Actually Paid vs. Net Income

Compensation Actually Paid vs. Company Selected Measure

*Reflects Adjusted Operating Income (Loss) used for bonus attainment purposes.

Total Shareholder Return Vs Peer Group

Tabular List, Table


Measure	Nature	Explanation

Adjusted Operating Income	Financial	Net Sales minus Operating Expenses (includes cost of sales, and selling, general, and administrative expenses), excluding specials items.


Adjusted Free Cash Flow	Financial	Cash flows provided from operating activities, less:
		▶	cash paid for purchases of property, plant, equipment and software and acquisitions of businesses;
		plus:
		▶	cash received from the disposal of property, plant and equipment.


Adjusted EBITDA	Financial	Earnings before interest, taxes, depreciation, and amortization adjusted for special items.


Safety	Non-Financial	Emphasizes that our employees’ safety is our top priority. The metric is comprised of submissions of Opportunities for Improvement based upon targeted submissions for the fiscal year. TCIR is used as a modifier for the safety metric.