Kurt F. Gallo - Feb 6, 2023 Form 4 Insider Report for Crane Holdings, Co. (CXT)

Role
Senior Vice President
Signature
/s/ Attorney In Fact, Julie A. Constantinides
Stock symbol
CXT
Transactions as of
Feb 6, 2023
Transactions value $
-$224,999
Form type
4
Date filed
2/8/2023, 05:23 PM
Previous filing
Jan 31, 2023
Next filing
Apr 21, 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 $0 +399 $0.00 399 Feb 7, 2023 Direct F1
transaction CXT CRANE HOLDINGS, CO. COMMON, PAR VALUE $1.00 Tax liability -$13.2K -110 -27.57% $120.17 289 Feb 7, 2023 Direct
transaction CXT CRANE HOLDINGS, CO. COMMON, PAR VALUE $1.00 Options Exercise $772K +8.26K +2859.17% $93.40 8.55K Feb 7, 2023 Direct
transaction CXT CRANE HOLDINGS, CO. COMMON, PAR VALUE $1.00 Sale -$984K -8.26K -96.62% $119.03 289 Feb 7, 2023 Direct F2
holding CXT CRANE HOLDINGS, CO. COMMON, PAR VALUE $1.00 28K Feb 6, 2023 By Kurt Gallo Living Trust

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 2023 Performance-Based Restricted Share Unit Award $0 +2.72K $0.00 2.72K Feb 6, 2023 CRANE HOLDINGS, CO. COMMON, PAR VALUE $1.00 2.72K Direct F3, F4
transaction CXT Employee Stock Option (Right to Buy) Award $0 +3.83K $0.00 3.83K Feb 6, 2023 CRANE HOLDINGS, CO. COMMON, PAR VALUE $1.00 3.83K $119.71 Direct F5
transaction CXT Restricted Share Unit Award $0 +1.36K +38.61% $0.00 4.87K Feb 6, 2023 CRANE HOLDINGS, CO. COMMON, PAR VALUE $1.00 1.36K Direct F6, F7, F8
transaction CXT Restricted Share Unit Options Exercise $0 -399 -8.19% $0.00 4.47K Feb 7, 2023 CRANE HOLDINGS, CO. COMMON, PAR VALUE $1.00 399 Direct F6, F7
transaction CXT Employee Stock Option (Right to Buy) Options Exercise $0 -8.26K -100% $0.00* 0 Feb 7, 2023 CRANE HOLDINGS, CO. COMMON, PAR VALUE $1.00 8.26K $93.40 Direct F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents vesting of 399 previously reported Restricted Share Units.
F2 Weighted average price at which shares were sold at prices ranging from $119.00 to $119.14. 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 Each 2023 Performance-Based RSU represents a contingent right to receive a number of shares of Crane Holdings, Co. common stock between zero and 2.00.
F4 2023 Performance-Based RSUs vest on December 31, 2025, if Crane Holdings, Co.'s common stock achieves certain performance criteria for each fiscal year over the three years ending December 31, 2025, and contingent on continued employment with Crane Holdings, Co., subject to certain exceptions.
F5 Options become exercisable 25% on the first anniversary, 50% on the second anniversary, 75% on the third anniversary and 100% on the fourth anniversary of the date of grant.
F6 Restricted Share Units convert into common stock on a one-for-one basis.
F7 Restricted Share Units vest ratably in four equal installments beginning on the first anniversary of the grant date.
F8 Restricted Share Units are forfeited if the recipient resigns, or employment is terminated, before it has been converted to common stock.
F9 The options were granted 1/29/2018 with a ten-year term and vested 25% each year over four years.