John S. Stroup - Apr 24, 2023 Form 4 Insider Report for Crane Co (CR)

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 Units	Award	$0	+1.9K	+50.86%	$0.00	5.63K	Apr 24, 2023	Common Stock	1.9K		Direct	F1, F2, F3
transaction	CR	Deferred Stock Units	Award	$0	+68	+1.21%	$0.00	5.7K	Apr 24, 2023	Common Stock	68		Direct	F1, F2, F4

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

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.