Kurt F. Gallo - 24 Jan 2022 Form 4 Insider Report for CRANE CO /DE/ (CXT)

Role
Senior Vice President
Signature
Attorney In Fact, Julie A. Constantinides
Issuer symbol
CXT
Transactions as of
24 Jan 2022
Net transactions value
-$58,836
Form type
4
Filing time
26 Jan 2022, 17:04:22 UTC
Previous filing
16 Aug 2021
Next filing
31 Jan 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 +711 $0.000000 711 24 Jan 2022 Direct F1
transaction CXT CRANE CO. COMMON, PAR VALUE $1.00 Tax liability $34,683 -340 -48% $102.01 371 24 Jan 2022 Direct
transaction CXT CRANE CO. COMMON, PAR VALUE $1.00 Options Exercise $0 +517 +139% $0.000000 888 25 Jan 2022 Direct F2
transaction CXT CRANE CO. COMMON, PAR VALUE $1.00 Tax liability $24,152 -238 -27% $101.48 650 25 Jan 2022 Direct
holding CXT CRANE CO. COMMON, PAR VALUE $1.00 1,406 24 Jan 2022 401(k) F3
holding CXT CRANE CO. COMMON, PAR VALUE $1.00 26,809 24 Jan 2022 By Kurt Gallo Living Trust

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 -2,843 -100% $0.000000* 0 24 Jan 2022 CRANE CO. COMMON, PAR VALUE $1.00 2,843 Direct F1
transaction CXT Restricted Share Unit Options Exercise $0 -517 -11% $0.000000 4,205 25 Jan 2022 CRANE CO. COMMON, PAR VALUE $1.00 517 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 517 previously reported Restricted Share Units.
F3 Between September 1, 2021, and December 31, 2021, the reporting person acquired 12 shares of the Company's 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.