<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0609</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2026-08-25</periodOfReport>

    <issuer>
        <issuerCik>0000017843</issuerCik>
        <issuerName>CARPENTER TECHNOLOGY CORP</issuerName>
        <issuerTradingSymbol>CRS</issuerTradingSymbol>
        <issuerForeignTradingSymbol></issuerForeignTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001420435</rptOwnerCik>
            <rptOwnerName>Thene Tony R</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerNonUSAddressFlag>false</rptOwnerNonUSAddressFlag>
            <rptOwnerStreet1>CARPENTER TECHNOLOGY CORPORATION</rptOwnerStreet1>
            <rptOwnerStreet2>1735 MARKET STREET, 15TH FL</rptOwnerStreet2>
            <rptOwnerCity>PHILADELPHIA</rptOwnerCity>
            <rptOwnerState>PA</rptOwnerState>
            <rptOwnerZipCode>19103</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>Chairman, President and CEO</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <aff10b5One>0</aff10b5One>

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            </transactionDate>
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        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2026-08-25</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>S</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
                <footnoteId id="F1"/>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>1890</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>479.888</value>
                    <footnoteId id="F23"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>439631</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                    <footnoteId id="F14"/>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>In Trust</value>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">The transactions reported in this line were undertaken by the Reporting Person for estate planning, tax planning, and financial diversification purposes.</footnote>
        <footnote id="F2">The price reported is an average of the total transactions executed for the day with individual transactions ranging from a low of $488.980 per share to a high of $489.980 per share.</footnote>
        <footnote id="F3">The price reported is an average of the total transactions executed for the day with individual transactions ranging from a low of $487.970 per share to a high of $488.960 per share.</footnote>
        <footnote id="F4">The price reported is an average of the total transactions executed for the day with individual transactions ranging from a low of $486.840 per share to a high of $487.840 per share.</footnote>
        <footnote id="F5">The price reported is an average of the total transactions executed for the day with individual transactions ranging from a low of $485.880 per share to a high of $486.820 per share.</footnote>
        <footnote id="F6">The price reported is an average of the total transactions executed for the day with individual transactions ranging from a low of $484.800 per share to a high of $485.800 per share.</footnote>
        <footnote id="F7">The price reported is an average of the total transactions executed for the day with individual transactions ranging from a low of $483.845 per share to a high of $484.795 per share.</footnote>
        <footnote id="F8">The price reported is an average of the total transactions executed for the day with individual transactions ranging from a low of $482.760 per share to a high of $483.760 per share.</footnote>
        <footnote id="F9">The price reported is an average of the total transactions executed for the day with individual transactions ranging from a low of $481.740 per share to a high of $482.740 per share.</footnote>
        <footnote id="F10">The price reported is an average of the total transactions executed for the day with individual transactions ranging from a low of $480.710 per share to a high of $481.710 per share.</footnote>
        <footnote id="F11">The price reported is an average of the total transactions executed for the day with individual transactions ranging from a low of $479.710 per share to a high of $480.700 per share.</footnote>
        <footnote id="F12">The price reported is an average of the total transactions executed for the day with individual transactions ranging from a low of $479.330 per share to a high of $479.590 per share.</footnote>
        <footnote id="F13">The price reported is an average of the total transactions executed for the day with individual transactions ranging from a low of $488.290 per share to a high of $489.260 per share.</footnote>
        <footnote id="F14">These shares are held in the Thene Revocable Living Trust dated September 17, 2010, Tony R. Thene or Holly Thene, Trustees.</footnote>
        <footnote id="F15">The price reported is an average of the total transactions executed for the day with individual transactions ranging from a low of $487.240 per share to a high of $488.240 per share.</footnote>
        <footnote id="F16">The price reported is an average of the total transactions executed for the day with individual transactions ranging from a low of $486.160 per share to a high of $487.160 per share.</footnote>
        <footnote id="F17">The price reported is an average of the total transactions executed for the day with individual transactions ranging from a low of $485.150 per share to a high of $486.130 per share.</footnote>
        <footnote id="F18">The price reported is an average of the total transactions executed for the day with individual transactions ranging from a low of $484.125 per share to a high of $485.125 per share.</footnote>
        <footnote id="F19">The price reported is an average of the total transactions executed for the day with individual transactions ranging from a low of $483.115 per share to a high of $484.115 per share.</footnote>
        <footnote id="F20">The price reported is an average of the total transactions executed for the day with individual transactions ranging from a low of $482.130 per share to a high of $483.110 per share.</footnote>
        <footnote id="F21">The price reported is an average of the total transactions executed for the day with individual transactions ranging from a low of $481.060 per share to a high of $482.060 per share.</footnote>
        <footnote id="F22">The price reported is an average of the total transactions executed for the day with individual transactions ranging from a low of $480.045 per share to a high of $481.045 per share.</footnote>
        <footnote id="F23">The price reported is an average of the total transactions executed for the day with individual transactions ranging from a low of $479.430 per share to a high of $480.020 per share.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>James D. Dee/POA</signatureName>
        <signatureDate>2026-08-27</signatureDate>
    </ownerSignature>
</ownershipDocument>
