L. Tullis James - Apr 24, 2023 Form 4 Insider Report for Crane Co (CR)

Role
Director
Signature
Attorney In Fact, Anthony M. D'Iorio
Stock symbol
CR
Transactions as of
Apr 24, 2023
Transactions value $
$0
Form type
4
Date filed
4/26/2023, 06:20 PM
Previous filing
Apr 24, 2023
Next filing
May 16, 2023

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 Deferred Stock Unit Award $0 +1.9K +6.9% $0.00 29.4K Apr 24, 2023 Common Stock 1.9K Direct F1, F2, F3
transaction CR Deferred Stock Unit Award $0 +485 +1.65% $0.00 29.9K Apr 24, 2023 Common Stock 485 Direct F1, F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Deferred Stock Units convert into common stock on a one-for-one basis upon separation from service on the Board of Directors.
F2 Deferred Stock Units are forfeited if service terminates before the one-year anniversary of the grant, unless termination results from death or change in control of Crane Company.
F3 In connection with the spin-off of the issuer from Crane Holdings, Co. ("Holdings") on April 3, 2023 ("Separation"), all Deferred Stock Units issued by Holdings that were held by then directors 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 Deferred Stock Unit of Holdings received Deferred Stock Units of both Holdings and the issuer on terms intended to maintain the intrinsic value of the Deferred Stock 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 Deferred Stock Units of the issuer represent Deferred Stock Units received by the reporting person pursuant to such adjustment.
F4 Represents Deferred Stock Unit dividends accumulated during the year.