Max H. Mitchell - Jan 24, 2022 Form 4 Insider Report for CRANE CO /DE/ (CXT)

Role
President and CEO, Director
Signature
Attorney In Fact, Anthony M. D'Iorio
Stock symbol
CXT
Transactions as of
Jan 24, 2022
Transactions value $
-$566,480
Form type
4
Date filed
1/26/2022, 05:06 PM
Previous filing
Dec 14, 2021
Next filing
Feb 9, 2022

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 +8.7K +2.55% $0.00 350K Jan 24, 2022 Direct F1
transaction CXT CRANE CO. COMMON, PAR VALUE $1.00 Tax liability -$414K -4.06K -1.16% $102.01 346K Jan 24, 2022 Direct
transaction CXT CRANE CO. COMMON, PAR VALUE $1.00 Options Exercise $0 +3.24K +0.94% $0.00 349K Jan 25, 2022 Direct F2
transaction CXT CRANE CO. COMMON, PAR VALUE $1.00 Tax liability -$153K -1.5K -0.43% $101.48 347K Jan 25, 2022 Direct
holding CXT CRANE CO. COMMON, PAR VALUE $1.00 2.87K Jan 24, 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 -34.8K -100% $0.00* 0 Jan 24, 2022 CRANE CO. COMMON, PAR VALUE $1.00 34.8K Direct F1
transaction CXT Restricted Share Unit Options Exercise $0 -3.24K -24.99% $0.00 9.74K Jan 25, 2022 CRANE CO. COMMON, PAR VALUE $1.00 3.24K 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.