Richard A. Maue - 24 Aug 2022 Form 4 Insider Report for Crane Holdings, Co. (CXT)

Role
Sr. V.P. & CFO
Signature
Attorney In Fact, Anthony M. D'Iorio
Issuer symbol
CXT
Transactions as of
24 Aug 2022
Net transactions value
-$1,581,376
Form type
4
Filing time
26 Aug 2022, 17:25:11 UTC
Previous filing
31 Mar 2022
Next filing
09 Nov 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CXT CRANE HOLDINGS, CO. COMMON, PAR VALUE $1.00 Sale $926,996 -9,115 -10% $101.70 78,305 24 Aug 2022 Direct F1
transaction CXT CRANE HOLDINGS, CO. COMMON, PAR VALUE $1.00 Sale $90,792 -885 -1.1% $102.59 77,420 24 Aug 2022 Direct F2
transaction CXT CRANE HOLDINGS, CO. COMMON, PAR VALUE $1.00 Options Exercise $1,578,764 +19,949 +26% $79.14 97,369 24 Aug 2022 Direct F3
transaction CXT CRANE HOLDINGS, CO. COMMON, PAR VALUE $1.00 Tax liability $1,790,569 -17,546 -18% $102.05 79,823 24 Aug 2022 Direct F3
transaction CXT CRANE HOLDINGS, CO. COMMON, PAR VALUE $1.00 Options Exercise $1,992,714 +26,965 +34% $73.90 106,788 24 Aug 2022 Direct F4
transaction CXT CRANE HOLDINGS, CO. COMMON, PAR VALUE $1.00 Tax liability $2,344,497 -22,974 -22% $102.05 83,814 24 Aug 2022 Direct F4
holding CXT CRANE HOLDINGS, CO. COMMON, PAR VALUE $1.00 1,738 24 Aug 2022 401(K)

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 Employee Stock Option (Right to Buy) Options Exercise $0 -19,949 -75% $0.000000 6,650 24 Aug 2022 CRANE HOLDINGS, CO. COMMON, PAR VALUE $1.00 19,949 $79.14 Direct F5
transaction CXT Employee Stock Option (Right to Buy) Options Exercise $0 -26,965 -100% $0.000000* 0 24 Aug 2022 CRANE HOLDINGS, CO. COMMON, PAR VALUE $1.00 26,965 $73.90 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Weighted average price at which shares were sold at prices ranging from $101.39 to $102.08. The reporting person undertakes to provide, upon request of the Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
F2 Weighted average price at which shares were sold at prices ranging from $102.43 to $102.72. The reporting person undertakes to provide, upon request of the Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
F3 Mr. Maue exercised 19,949 stock options, priced at $79.14 and due to expire 1/28/2029, at a market price of $102.05. The resulting after-tax gain was taken in the form of 2,403 shares of Crane Holdings, Co. Common Stock, resulting in a net increase in Mr. Maue's direct holding by that amount, to 79,823 shares. Mr. Maue tendered 15,470 shares of previously owned stock to pay the exercise price of the option, and 2,076 shares were withheld to pay taxes on the resulting gain.
F4 Mr. Maue exercised 26,965 stock options, priced at $73.90 and due to expire 1/30/2027, at a market price of $102.05. The resulting after-tax gain was taken in the form of 3,991 shares of Crane Holdings, Co. Common Stock, resulting in a net increase in Mr. Maue's direct holding by that amount, to 83,814 shares. Mr. Maue tendered 19,526 shares of previously owned stock to pay the exercise price of the option, and 3,448 shares were withheld to pay taxes on the resulting gain.
F5 The options were granted 1/28/2019 with a ten-year term and vested 25% each year over four years.
F6 The options were granted 1/30/2017 with a ten-year term and vested 25% each year over four years.