Paul G. Igoe - 28 Feb 2024 Form 4 Insider Report for Crane NXT, Co. (CXT)

Role
SVP, General Counsel & Sec.
Signature
/s/ Paul G. Igoe
Issuer symbol
CXT
Transactions as of
28 Feb 2024
Net transactions value
$0
Form type
4
Filing time
01 Mar 2024, 16:48:40 UTC
Previous filing
12 Apr 2023
Next filing
21 Mar 2024
SEC
View on sec.gov

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 2024 Performance-Based Restricted Share Unit Award $0 +6,897 $0.000000 6,897 28 Feb 2024 COMMON STOCK 6,897 Direct F1, F2
transaction CXT Employee Stock Option (Right to Buy) Award $0 +8,193 $0.000000 8,193 28 Feb 2024 COMMON STOCK 8,193 $58.00 Direct F3
transaction CXT Restricted Share Unit Award $0 +3,448 +18% $0.000000 22,410 28 Feb 2024 COMMON STOCK 3,448 Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each 2024 Performance-Based Restricted Share Unit (RSU) represents a contingent right to receive a number of shares of issuer common stock between 0 and 2.00.
F2 2024 Performance-Based RSUs vest on December 31, 2026, if issuer's common stock achieves certain performance criteria for each fiscal year over the three years ending December 31, 2026, and contingent on continued employment with issuer, subject to certain exceptions.
F3 Options become exercisable 25% per year over four years beginning on the first anniversary of the date of grant.
F4 Restricted Share Units convert into common stock on a one-for-one basis.
F5 Restricted Share Units vest 25% per year over four years beginning on the first anniversary of the date of grant.