Max H. Mitchell - May 15, 2023 Form 4 Insider Report for Crane NXT, Co. (CXT)

Role
Director
Signature
/s/ Paul G. Igoe, Attorney-in-Fact
Stock symbol
CXT
Transactions as of
May 15, 2023
Transactions value $
-$1,880,749
Form type
4
Date filed
5/16/2023, 05:01 PM
Previous filing
Apr 24, 2023
Next filing
Jul 27, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CXT COMMON STOCK Sale -$1.88M -37.5K -10.41% $50.16 323K May 15, 2023 Direct F1, F2, F3
holding CXT COMMON STOCK 2.94K May 15, 2023 401(K) F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Mr. Mitchell sold 37,495 of his directly owned shares to support the purchase of a new home. Following this sale, Mr. Mitchell directly owns 322,628 shares.
F2 Weighted average price at which shares were sold at prices ranging from $49.7250 to $50.4650. 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 The Company's stock ownership guidelines for non-employee directors require Mr. Mitchell to maintain a minimum ownership level of at least five times the cash portion of his annual retainer received as a director. After giving effect to the sale, Mr. Mitchell continues to beneficially own more than 35 times the cash portion of his annual retainer in issuer stock.
F4 Between January 23, 2023 and the date of this report, the reporting person acquired twelve shares of common stock under the issuer's 401(k) plan.