Tamara S. Polmanteer - 26 Apr 2023 Form 4 Insider Report for Crane Co (CR)

Role
Exec. Vice President & CHRO
Signature
Attorney In Fact, Anthony M. D'Iorio
Issuer symbol
CR
Transactions as of
26 Apr 2023
Net transactions value
-$43,411
Form type
4
Filing time
28 Apr 2023, 17:17:56 UTC
Previous filing
31 Mar 2023
Next filing
08 Feb 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CR Common Stock Options Exercise $0 +1,311 +140% $0.000000 2,247 26 Apr 2023 Direct F1, F2
transaction CR Common Stock Tax liability $43,411 -608 -27% $71.40 1,639 26 Apr 2023 Direct

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 -1,311 -21% $0.000000 4,982 26 Apr 2023 Common Stock 1,311 Direct F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the vesting of 1,311 Restricted Share Units.
F2 Includes 936 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 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.
F5 Restricted Share Units vest ratably in four equal installments beginning on the first anniversary of the grant date.