Richard A. Maue - Feb 9, 2023 Form 4 Insider Report for Crane Holdings, Co. (CXT)

Role
Exec. V.P & CFO
Signature
Attorney In Fact, Anthony M. D'Iorio
Stock symbol
CXT
Transactions as of
Feb 9, 2023
Transactions value $
-$437,268
Form type
4
Date filed
2/13/2023, 04:10 PM
Previous filing
Feb 7, 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 $526K +6.65K +8.05% $79.14 89.3K Feb 9, 2023 Direct F1
transaction CXT CRANE HOLDINGS, CO. COMMON, PAR VALUE $1.00 Tax liability -$647K -5.47K -6.13% $118.25 83.8K Feb 9, 2023 Direct
transaction CXT CRANE HOLDINGS, CO. COMMON, PAR VALUE $1.00 Options Exercise $1.65M +19.7K +23.51% $83.58 104K Feb 9, 2023 Direct F2
transaction CXT CRANE HOLDINGS, CO. COMMON, PAR VALUE $1.00 Tax liability -$1.96M -16.6K -16.04% $118.25 86.9K Feb 9, 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 Employee Stock Option (Right to Buy) Options Exercise $0 -6.65K -100% $0.00* 0 Feb 9, 2023 CRANE HOLDINGS, CO. COMMON, PAR VALUE $1.00 6.65K $79.14 Direct F3
transaction CXT Employee Stock Option (Right to Buy) Options Exercise $0 -19.7K -75% $0.00 6.57K Feb 9, 2023 CRANE CO. COMMON, PAR VALUE $1.00 19.7K $83.58 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Mr. Maue exercised 6,650 stock options, priced at $79.14 and due to expire 1/28/2029, at a market price of $118.25. The resulting after-tax gain was taken in the form of 1,180 shares of Crane Holdings, Co. Common Stock, resulting in a net increase in Mr. Maue's direct holding by that amount, to 83,834 shares. Mr. Maue tendered 4,451 shares of previously owned stock to pay the exercise price of the option, and 1,019 shares were withheld to pay taxes on the resulting gain.
F2 Mr. Maue exercised 19,712 stock options, priced at $83.58 and due to expire 1/27/2030, at a market price of $118.25. The resulting after-tax gain was taken in the form of 3,101 shares of Crane Holdings, Co. Common Stock, resulting in a net increase in Mr. Maue's direct holding by that amount, to 86,935 shares. Mr. Maue tendered 13,933 shares of previously owned stock to pay the exercise price of the option, and 2,678 shares were withheld to pay taxes on the resulting gain.
F3 The options were granted 1/28/2019 with a ten-year term and vested 25% each year over four years.
F4 The options were granted 1/27/2020 with a ten-year term and vested 25% each year over four years.