Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | CXT | 2022 Performance-Based Restricted Share Unit | Award | $0 | +29K | $0.00 | 29K | Feb 7, 2022 | CRANE CO. COMMON, PAR VALUE $1.00 | 29K | Direct | F1, F2 | ||
transaction | CXT | Employee Stock Option (Right to Buy) | Award | $0 | +41.2K | $0.00 | 41.2K | Feb 7, 2022 | CRANE CO. COMMON, PAR VALUE $1.00 | 41.2K | $101.72 | Direct | F3 | |
transaction | CXT | Restricted Share Unit | Award | $0 | +10.5K | +108.26% | $0.00 | 20.3K | Feb 7, 2022 | CRANE CO. COMMON, PAR VALUE $1.00 | 10.5K | Direct | F4, F5, F6 |
Id | Content |
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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. |
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. |
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. |
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. |
F6 | Restricted Share Units are forfeited if the recipient resigns, or employment is terminated, before it has been converted to common stock. |