Kurt F. Gallo - Apr 19, 2023 Form 4 Insider Report for Crane NXT, Co. (CXT)

Signature
/s/ Paul G. Igoe, Attorney-in-Fact
Stock symbol
CXT
Transactions as of
Apr 19, 2023
Transactions value $
-$12,356
Form type
4
Date filed
4/21/2023, 04:45 PM
Previous filing
Feb 8, 2023
Next filing
Nov 30, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CXT COMMON STOCK Options Exercise $0 +591 $0.00 591 Apr 19, 2023 Direct F1
transaction CXT COMMON STOCK Tax liability -$12.4K -252 -42.64% $49.03 339 Apr 19, 2023 Direct
holding CXT COMMON STOCK 28.3K Apr 19, 2023 By Kurt Gallo Living Trust F2
holding CXT COMMON STOCK 1.44K Apr 19, 2023 401(k) F3

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 Restricted Share Unit Options Exercise $0 -591 -13.21% $0.00 3.88K Apr 19, 2023 COMMON STOCK 591 Direct F4, 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 591 previously reported Restricted Share Units.
F2 Includes 289 shares of the issuer's common stock acquired through the issuer's dividend reinvestment plan.
F3 Between January 23, 2023 and the date of this report, the reporting person acquired six shares of common stock under the issuer's 401(k) plan.
F4 Restricted Share Units convert into common stock on a one-for-one basis.
F5 Restricted Share Units vest ratably in four equal installments beginning on March 29, 2020. These 591 Restricted Share Units originally were scheduled to vest on March 29, 2023. The vesting date was delayed until April 19, 2023 for administrative purposes related to the spin-off of Crane Company by the issuer on April 3, 2023.
F6 A Restricted Share Unit is forfeited if the recipient resigns, or employment is terminated, before it has been converted to common stock.