Anthony M. D'Iorio - Nov 7, 2022 Form 4 Insider Report for Crane Holdings, Co. (CXT)

Role
Sr, V.P., Gen. Couns. & Sec.
Signature
/s/ Anthony M. D'Iorio Anthony M. D'Iorio
Stock symbol
CXT
Transactions as of
Nov 7, 2022
Transactions value $
-$133,959
Form type
4
Date filed
11/9/2022, 04:06 PM
Previous filing
Feb 9, 2022
Next filing
Jan 26, 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 $332K +5.68K +38.44% $58.47 20.5K Nov 7, 2022 Direct F1, F2
transaction CXT CRANE HOLDINGS, CO. COMMON, PAR VALUE $1.00 Tax liability -$466K -4.46K -21.79% $104.57 16K Nov 7, 2022 Direct F1
holding CXT CRANE HOLDINGS, CO. COMMON, PAR VALUE $1.00 1.16K Nov 7, 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 -5.68K -100% $0.00* 0 Nov 7, 2022 CRANE HOLDINGS, CO. COMMON, PAR VALUE $1.00 5.68K $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.