Aaron W. Saak - Nov 28, 2023 Form 4 Insider Report for Crane NXT, Co. (CXT)

Role
CEO, Director
Signature
/s/ Paul G. Igoe, Attorney-in-Fact
Stock symbol
CXT
Transactions as of
Nov 28, 2023
Transactions value $
-$315,081
Form type
4
Date filed
11/30/2023, 04:10 PM
Previous filing
Feb 8, 2023
Next filing
Feb 8, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CXT COMMON STOCK Options Exercise $0 +13.9K $0.00 13.9K Nov 28, 2023 Direct F1, F2
transaction CXT COMMON STOCK Tax liability -$315K -6.17K -44.36% $51.05 7.74K Nov 28, 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 Restricted Share Unit Options Exercise $0 -13.9K -17.86% $0.00 64K Nov 28, 2023 COMMON STOCK 13.9K Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents vesting of 13,915 previously reported Restricted Share Units.
F2 Pursuant to the terms of the spin-off of Crane Company from the issuer on April 3, 2023 (the "Separation"), the number of shares underlying all Restricted Share Unit awards issued by the issuer that were held by then 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 Restricted Share Unit awards of the issuer immediately before and after the consummation of the Separation. This number of Restricted Share Units reported here reflects such adjustment.
F3 Restricted Share Units convert into common stock on a one-for-one basis.
F4 Restricted Share Units vest ratably in four equal installments beginning on the first anniversary of the date of grant.