Tamara S. Polmanteer - Feb 7, 2022 Form 4 Insider Report for CRANE CO /DE/ (CXT)

Role
Senior Vice President, CHRO
Signature
Attorney In Fact, Julie Constantinides
Stock symbol
CXT
Transactions as of
Feb 7, 2022
Transactions value $
$0
Form type
4
Date filed
2/9/2022, 05:10 PM
Next filing
Apr 27, 2022

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 2022 Performance-Based Restricted Share Unit Award $0 +2.95K $0.00 2.95K Feb 7, 2022 CRANE CO. COMMON, PAR VALUE $1.00 2.95K Direct F1, F2
transaction CXT Employee Stock Option (Right to Buy) Award $0 +4.61K $0.00 4.61K Feb 7, 2022 CRANE CO. COMMON, PAR VALUE $1.00 4.61K $101.72 Direct F3
transaction CXT Restricted Share Unit Award $0 +1.48K +28.13% $0.00 6.72K Feb 7, 2022 CRANE CO. COMMON, PAR VALUE $1.00 1.48K Direct F4, F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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.