| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | CXT | COMMON STOCK | Options Exercise | $1.22M | +34.7K | +10.75% | $35.06 | 357K | Nov 27, 2023 | Direct | F1 |
| transaction | CXT | COMMON STOCK | Sale | -$1.81M | -34.7K | -9.71% | $52.20 | 323K | Nov 27, 2023 | Direct | F2, F3 |
| transaction | CXT | COMMON STOCK | Options Exercise | $754K | +21.5K | +6.66% | $35.06 | 344K | Nov 28, 2023 | Direct | F4 |
| transaction | CXT | COMMON STOCK | Sale | -$1.11M | -21.5K | -6.25% | $51.42 | 323K | Nov 28, 2023 | Direct | F3 |
| holding | CXT | COMMON STOCK | 2.94K | Nov 27, 2023 | 401(K) |
| 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 | -34.7K | -41.7% | $0.00 | 48.5K | Nov 27, 2023 | COMMON STOCK | 34.7K | $35.06 | Direct | F5, F6 |
| transaction | CXT | Employee Stock Option (Right to Buy) | Options Exercise | $0 | -21.5K | -44.33% | $0.00 | 27K | Nov 28, 2023 | COMMON STOCK | 21.5K | $35.06 | Direct | F5, F6 |
| Id | Content |
|---|---|
| F1 | Mr. Mitchell exercised and sold 34,691 stock options at a weighted average price of $52.20 to better diversify his investment portfolio, which is largely comprised of Crane NXT stock. Following this exercise and sale, Mr. Mitchell's direct ownership level remains unchanged at 322,628 shares of Crane NXT stock. |
| F2 | Weighted average price at which shares were sold at prices ranging from $52.07 to $52.31. 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 exercise and sale, Mr. Mitchell continues to beneficially own more than 100 times the cash portion of his annual retainer in issuer stock. |
| F4 | Mr. Mitchell exercised and sold 21,502 stock options at a price of $51.42 to better diversify his investment portfolio, which is largely comprised of Crane NXT stock. Following this exercise and sale, Mr. Mitchell's direct ownership level remains unchanged at 322,628 shares of Crane NXT stock. |
| F5 | Pursuant to the terms of the spin-off of Crane Company from the issuer on April 3, 2023 (the "Separation"), the exercise price of all employee stock options issued by the issuer that were held by employees of the issuer, including the reporting person, and outstanding immediately prior to the consummation of the Separation, were adjusted. The adjustment was intended to maintain the intrinsic value of the employee stock option of the issuer immediately before and after the consummation of the Separation. This exercise price reflects such adjustment. |
| F6 | The options were granted 1/29/2018 with a ten-year term and vested 25% each year over four years. |