Aaron W. Saak - Feb 28, 2024 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
Feb 28, 2024
Transactions value $
$0
Form type
4
Date filed
3/1/2024, 04:51 PM
Previous filing
Feb 8, 2024

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 +42.7K $0.00 42.7K Feb 28, 2024 COMMON STOCK 42.7K Direct F1, F2
transaction CXT Employee Stock Option (Right to Buy) Award $0 +46.1K $0.00 46.1K Feb 28, 2024 COMMON STOCK 46.1K $58.00 Direct F3
transaction CXT Restricted Share Unit Award $0 +15.5K +26.55% $0.00 74K Feb 28, 2024 COMMON STOCK 15.5K 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.