Anthony M. D'Iorio - 07 Nov 2022 Form 4 Insider Report for Crane Holdings, Co. (CXT)

Signature
/s/ Anthony M. D'Iorio Anthony M. D'Iorio
Issuer symbol
CXT
Transactions as of
07 Nov 2022
Net transactions value
-$133,959
Form type
4
Filing time
09 Nov 2022, 16:06:03 UTC
Previous filing
09 Feb 2022
Next filing
26 Jan 2023

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 Options Exercise $332,110 +5,680 +38% $58.47 20,457 07 Nov 2022 Direct F1, F2
transaction CXT CRANE HOLDINGS, CO. COMMON, PAR VALUE $1.00 Tax liability $466,068 -4,457 -22% $104.57 16,000 07 Nov 2022 Direct F1
holding CXT CRANE HOLDINGS, CO. COMMON, PAR VALUE $1.00 1,162 07 Nov 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 -5,680 -100% $0.000000* 0 07 Nov 2022 CRANE HOLDINGS, CO. COMMON, PAR VALUE $1.00 5,680 $58.47 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Mr. D'Iorio exercised 5,680 stock options, priced at $58.47 and due to expire 1/26/2025, at a market price of $104.57. The resulting after-tax gain was taken in the form of 1,223 shares of Crane Holdings, Co. Common Stock, resulting in a net increase in Mr. D'Iorio's direct holding by that amount, to 16,000 shares. Mr. D'Iorio tendered 3,176 shares of previously owned stock to pay the exercise price of the option, and 1,281 shares were withheld to pay taxes on the resulting gain.
F2 Includes 212 shares of stock acquired through the Company's dividend reinvestment plan.
F3 The options were granted 1/26/2015 with a ten-year term and vested 25% each year over four years.