MAX H. MITCHELL - 24 Jan 2022 Form 4 Insider Report for CRANE CO /DE/ (CXT)

Role
President and CEO, Director
Signature
Attorney In Fact, Anthony M. D'Iorio
Issuer symbol
CXT
Transactions as of
24 Jan 2022
Net transactions value
-$566,480
Form type
4
Filing time
26 Jan 2022, 17:06:54 UTC
Previous filing
14 Dec 2021
Next filing
09 Feb 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CXT CRANE CO. COMMON, PAR VALUE $1.00 Options Exercise $0 +8,701 +2.6% $0.000000 349,777 24 Jan 2022 Direct F1
transaction CXT CRANE CO. COMMON, PAR VALUE $1.00 Tax liability $413,855 -4,057 -1.2% $102.01 345,720 24 Jan 2022 Direct
transaction CXT CRANE CO. COMMON, PAR VALUE $1.00 Options Exercise $0 +3,244 +0.94% $0.000000 348,964 25 Jan 2022 Direct F2
transaction CXT CRANE CO. COMMON, PAR VALUE $1.00 Tax liability $152,626 -1,504 -0.43% $101.48 347,460 25 Jan 2022 Direct
holding CXT CRANE CO. COMMON, PAR VALUE $1.00 2,872 24 Jan 2022 401(K) F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CXT 2019 Performance-Based Restricted Share Unit Options Exercise $0 -34,804 -100% $0.000000* 0 24 Jan 2022 CRANE CO. COMMON, PAR VALUE $1.00 34,804 Direct F1
transaction CXT Restricted Share Unit Options Exercise $0 -3,244 -25% $0.000000 9,735 25 Jan 2022 CRANE CO. COMMON, PAR VALUE $1.00 3,244 Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each 2019 Performance-Based RSU represented a contingent right to receive a number of shares of Crane Co. common stock between 0 and 2.00. On January 24, 2022, each Performance-Based RSU was converted to the right to receive .25 shares of common stock.
F2 Represents vesting of 3,244 previously reported Restricted Share Units.
F3 Between June 1, 2021, and December 31, 2021, the reporting person acquired 38 shares of the Company stock through the Company's 401(K) plan.
F4 Restricted Share Units convert into common stock on a one-for-one basis.
F5 Restricted Share Units vest ratably in four equal installments beginning on the first anniversary of the grant date.