L. Tullis James - May 16, 2022 Form 4 Insider Report for CRANE CO /DE/ (CXT)

Role
Director
Signature
Attorney In Fact, Anthony M. D'Iorio
Stock symbol
CXT
Transactions as of
May 16, 2022
Transactions value $
$0
Form type
4
Date filed
5/18/2022, 05:48 PM
Previous filing
Apr 11, 2022
Next filing
Jun 15, 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 Deferred Stock Units Award $0 +1.55K +6.06% $0.00 27K May 16, 2022 CRANE CO. COMMON, PAR VALUE $1.00 1.55K Direct F1, F2
transaction CXT Deferred Stock Units Award $0 +443 +1.64% $0.00 27.5K May 16, 2022 CRANE CO. COMMON, PAR VALUE $1.00 443 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.