Kurt F. Gallo - 06 Feb 2023 Form 4 Insider Report for Crane Holdings, Co. (CXT)

Role: Senior Vice President
Signature: /s/ Attorney In Fact, Julie A. Constantinides
Issuer symbol: CXT
Transactions as of: 06 Feb 2023
Net transactions value: -$224,999
Form type: 4
Filing time: 08 Feb 2023, 17:23:33 UTC
Previous filing: 31 Jan 2023
Next filing: 21 Apr 2023
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	Options Exercise	$0	+399		$0.000000	399	07 Feb 2023	Direct	F1
transaction	CXT	CRANE HOLDINGS, CO. COMMON, PAR VALUE $1.00	Tax liability	$13,219	-110	-28%	$120.17	289	07 Feb 2023	Direct
transaction	CXT	CRANE HOLDINGS, CO. COMMON, PAR VALUE $1.00	Options Exercise	$771,764	+8,263	+2859%	$93.40	8,552	07 Feb 2023	Direct
transaction	CXT	CRANE HOLDINGS, CO. COMMON, PAR VALUE $1.00	Sale	$983,545	-8,263	-97%	$119.03	289	07 Feb 2023	Direct	F2
holding	CXT	CRANE HOLDINGS, CO. COMMON, PAR VALUE $1.00						28,008	06 Feb 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	+2,715		$0.000000	2,715	06 Feb 2023	CRANE HOLDINGS, CO. COMMON, PAR VALUE $1.00	2,715		Direct	F3, F4
transaction	CXT	Employee Stock Option (Right to Buy)	Award	$0	+3,826		$0.000000	3,826	06 Feb 2023	CRANE HOLDINGS, CO. COMMON, PAR VALUE $1.00	3,826	$119.71	Direct	F5
transaction	CXT	Restricted Share Unit	Award	$0	+1,357	+39%	$0.000000	4,872	06 Feb 2023	CRANE HOLDINGS, CO. COMMON, PAR VALUE $1.00	1,357		Direct	F6, F7, F8
transaction	CXT	Restricted Share Unit	Options Exercise	$0	-399	-8.2%	$0.000000	4,473	07 Feb 2023	CRANE HOLDINGS, CO. COMMON, PAR VALUE $1.00	399		Direct	F6, F7
transaction	CXT	Employee Stock Option (Right to Buy)	Options Exercise	$0	-8,263	-100%	$0.000000^*	0	07 Feb 2023	CRANE HOLDINGS, CO. COMMON, PAR VALUE $1.00	8,263	$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.