Richard A. Maue - Nov 7, 2022 Form 4 Insider Report for Crane Holdings, Co. (CXT)

Role
Sr. V.P. & CFO
Signature
Attorney In Fact, Anthony M. D'Iorio
Stock symbol
CXT
Transactions as of
Nov 7, 2022
Transactions value $
-$728,222
Form type
4
Date filed
11/9/2022, 04:08 PM
Previous filing
Aug 26, 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 $2.02M +21.6K +25.82% $93.40 105K Nov 7, 2022 Direct F1
transaction CXT CRANE HOLDINGS, CO. COMMON, PAR VALUE $1.00 Tax liability -$2.13M -20.4K -19.35% $104.57 85.1K Nov 7, 2022 Direct F1
transaction CXT CRANE HOLDINGS, CO. COMMON, PAR VALUE $1.00 Sale -$616K -5.91K -6.94% $104.31 79.1K Nov 7, 2022 Direct F2
holding CXT CRANE HOLDINGS, CO. COMMON, PAR VALUE $1.00 1.75K 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 -21.6K -100% $0.00* 0 Nov 7, 2022 CRANE HOLDINGS, CO. COMMON, PAR VALUE $1.00 21.6K $93.40 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Mr. Maue exercised 21,641 stock options, priced at $93.40 and due to expire 1/29/2028, at a market price of $104.57. The resulting after-tax gain was taken in the form of 1,240 shares of Crane Holdings, Co. Common Stock, resulting in a net increase in Mr. Maue's direct holding by that amount, to 85,054 shares. Mr. Maue tendered 19,330 shares of previously owned stock to pay the exercise price of the option, and 1,071 shares were withheld to pay taxes on the resulting gain.
F2 Weighted average price at which shares were sold at prices ranging from $104.28 to $104.39. 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 The options were granted 1/29/2018 with a ten-year term and vested 25% each year over four years.