Max H. Mitchell - Nov 29, 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
Nov 29, 2023
Transactions value $
-$84,195
Form type
4
Date filed
12/1/2023, 04:22 PM
Previous filing
Nov 29, 2023
Next filing
Jan 29, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CXT COMMON STOCK Options Exercise $185K +5.28K +1.64% $35.06 328K Nov 29, 2023 Direct F1
transaction CXT COMMON STOCK Sale -$269K -5.28K -1.61% $51.00 323K Nov 29, 2023 Direct F2
holding CXT COMMON STOCK 2.94K Nov 29, 2023 401(K)

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 -5.28K -19.56% $0.00 21.7K Nov 29, 2023 COMMON STOCK 5.28K $35.06 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Mr. Mitchell exercised and sold 5,282 stock options at a price of $51.00 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 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.
F3 The options were granted 1/29/2018 with a ten-year term and vested 25% each year over four years.