Max H. Mitchell - Feb 6, 2023 Form 4 Insider Report for Crane Holdings, Co. (CXT)

Role
President and CEO, Director
Signature
Attorney In Fact, Anthony M. D'Iorio
Stock symbol
CXT
Transactions as of
Feb 6, 2023
Transactions value $
-$146,728
Form type
4
Date filed
2/8/2023, 05:28 PM
Previous filing
Jan 27, 2023
Next filing
Feb 7, 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 +2.63K +0.73% $0.00 361K Feb 7, 2023 Direct F1
transaction CXT CRANE HOLDINGS, CO. COMMON, PAR VALUE $1.00 Tax liability -$147K -1.22K -0.34% $120.17 360K Feb 7, 2023 Direct

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 +24.6K $0.00 24.6K Feb 6, 2023 CRANE HOLDINGS, CO. COMMON, PAR VALUE $1.00 24.6K Direct F2, F3
transaction CXT Employee Stock Option (Right to Buy) Award $0 +31.6K $0.00 31.6K Feb 6, 2023 CRANE HOLDINGS, CO. COMMON, PAR VALUE $1.00 31.6K $119.71 Direct F4
transaction CXT Restricted Share Unit Award $0 +8.96K +52.59% $0.00 26K Feb 6, 2023 CRANE HOLDINGS, CO. COMMON, PAR VALUE $1.00 8.96K Direct F5, F6, F7
transaction CXT Restricted Share Unit Options Exercise $0 -2.63K -10.14% $0.00 23.4K Feb 7, 2023 CRANE HOLDINGS, CO. COMMON, PAR VALUE $1.00 2.63K Direct F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents vesting of 2,634 previously reported Restricted Share Units.
F2 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.
F3 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.
F4 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.
F5 Restricted Share Units convert into common stock on a one-for-one basis.
F6 Restricted Share Units vest ratably in four equal installments beginning on the first anniversary of the grant date.
F7 Restricted Share Units are forfeited if the recipient resigns, or employment is terminated, before it has been converted to common stock.