MICHAEL DINKINS - 16 May 2022 Form 4 Insider Report for CRANE CO /DE/ (CXT)

Role
Director
Signature
Attorney In Fact, Anthony M. D'Iorio
Issuer symbol
CXT
Transactions as of
16 May 2022
Net transactions value
$0
Form type
4
Filing time
18 May 2022, 17:18:29 UTC
Previous filing
02 Mar 2022
Next filing
20 May 2022
SEC
View on sec.gov

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 Deferred Stock Units Award $0 +1,546 +28% $0.000000 7,083 16 May 2022 CRANE CO. COMMON, PAR VALUE $1.00 1,546 Direct F1, F2
transaction CXT Deferred Stock Units Award $0 +97 +1.4% $0.000000 7,180 16 May 2022 CRANE CO. COMMON, PAR VALUE $1.00 97 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Deferred Stock Units convert into Crane Holdings, Co. common stock on one-for-one basis upon separation from service on the Board of Directors.
F2 Deferred Stock Units are forfeited if service terminates before the one-year anniversary of the grant, unless termination results from death or change in control of Crane Holdings, Co .
F3 Represents Deferred Stock Unit dividends accumulated during the year.

Remarks:

On May 16, 2022, Crane Co. completed a reorganization merger. The merger resulted in Crane Holdings, Co. becoming a parent holding company of Crane Co. but did not alter the proportionate interests of security holders.