Max H. Mitchell - 07 Feb 2022 Form 4 Insider Report for CRANE CO /DE/ (CXT)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
09 Feb 2022, 17:09:12 UTC
Prior SEC filing
26 Jan 2022
Next SEC filing
09 Nov 2022
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
Attorney In Fact, Anthony M. D'Iorio

Key filing fact

Max H. Mitchell filed Form 4 for CRANE CO /DE/ (CXT) on 09 Feb 2022.

Key facts

  • This page summarizes Max H. Mitchell's Form 4 filing for CRANE CO /DE/ (CXT).
  • 3 reported transactions and 3 derivative rows are listed below.
  • Accepted by SEC: 09 Feb 2022, 17:09.

Change

  • Previous filing in this sequence was filed on 26 Jan 2022.
  • Current net transaction value: $0.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

CXT transaction Derivative

2022 Performance-Based Restricted Share Unit

Award

Transaction value
$0
Shares
+28,982
Change %
Price
$0.000000
Shares after
28,982
Date
07 Feb 2022
Ownership
Direct
Underlying class
CRANE CO. COMMON, PAR VALUE $1.00
Underlying amount
28,982
Exercise price
Footnotes
F1, F2
CXT transaction Derivative

Employee Stock Option (Right to Buy)

Award

Transaction value
$0
Shares
+41,218
Change %
Price
$0.000000
Shares after
41,218
Date
07 Feb 2022
Ownership
Direct
Underlying class
CRANE CO. COMMON, PAR VALUE $1.00
Underlying amount
41,218
Exercise price
$101.72
Footnotes
F3
CXT transaction Derivative

Restricted Share Unit

Award

Transaction value
$0
Shares
+10,539
Change %
+108%
Price
$0.000000
Shares after
20,274
Date
07 Feb 2022
Ownership
Direct
Underlying class
CRANE CO. COMMON, PAR VALUE $1.00
Underlying amount
10,539
Exercise price
Footnotes
F4, F5, F6
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 6 footnotes

Footnote F1

Each 2022 Performance-Based RSU represents a contingent right to receive a number of shares of Crane Co. common stock between zero and 2.00.

Footnote F2

2022 Performance-Based RSUs vest on December 31, 2024, if Crane Co.'s common stock achieves certain performance criteria for each fiscal year over the three years ending December 31, 2024, and contingent on continued employment with Crane Co., subject to certain exceptions.

Footnote F3

Options become exercisable 25% on the first anniversary, 50% on the second anniversary, 75% on the third anniversary and 100% on the fourth anniversary of the date of grant.

Footnote F4

Restricted Share Units convert into common stock on a one-for-one basis.

Footnote F5

Restricted Share Units vest ratably in four equal installments beginning on the first anniversary of the grant date.

Footnote F6

Restricted Share Units are forfeited if the recipient resigns, or employment is terminated, before it has been converted to common stock.

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