Richard A. Maue - Apr 19, 2023 Form 4 Insider Report for Crane Co (CR)

Role: Exec. V.P., CFO & PAO
Signature: Attorney In Fact, Anthony M. D'Iorio
Stock symbol: CR
Transactions as of: Apr 19, 2023
Transactions value $: -$10,874
Form type: 4
Date filed: 4/21/2023, 05:05 PM
Previous filing: Feb 13, 2023
Next filing: Nov 21, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CR	Common Stock	Options Exercise	$0	+296	+0.34%	$0.00	87.2K	Apr 19, 2023	Direct	F1, F2
transaction	CR	Common Stock	Tax liability	-$10.9K	-138	-0.16%	$78.80	87.1K	Apr 19, 2023	Direct
holding	CR	Common Stock						1.76K	Apr 19, 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	CR	Restricted Share Unit	Options Exercise	$0	-296	-3.73%	$0.00	7.64K	Apr 19, 2023	Common Stock	296		Direct	F3, F4, F5, F6

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents the vesting of 296 Restricted Share Units.
F2	Includes 86,935 shares received by the reporting person in a pro rata distribution by Crane Holdings, Co. ("Holdings") in connection with the spin-off of the issuer from Holdings on April 3, 2023 (the "Separation").
F3	Restricted Share Units convert into common stock on a one-for-one basis.
F4	These 296 Restricted Share Units originally were scheduled to vest on March 29, 2023. The vesting date was delayed until April 19, 2023 for administrative purposes related to the Separation.
F5	Pursuant to the terms of the Separation, all Restricted Share Units issued by Holdings that were held by then executive officers of Holdings, including the reporting person, and outstanding immediately prior to the consummation of the Separation were adjusted. Pursuant to the adjustment, each such holder of a Restricted Share Unit of Holdings received Restricted Share Units of both Holdings and the issuer on terms intended to maintain the intrinsic value of the Restricted Share Unit of Holdings immediately before and after the consummation of the Separation, on the same general terms and conditions as were in place immediately prior to the consummation of the Separation. The Restricted Share Units of the issuer represent Restricted Share Units received by the reporting person pursuant to such adjustment.
F6	Restricted Share Units vest ratably in four equal installments beginning on the first anniversary of the grant date.