Tony S. Najjar - Mar 17, 2023 Form 4 Insider Report for CIRCOR INTERNATIONAL INC (CIR)

Role: President and CEO, Director
Signature: /s/ Paul Caron, Attorney-in-Fact for Tony S. Najjar
Stock symbol: CIR
Transactions as of: Mar 17, 2023
Transactions value $: $0
Form type: 4
Date filed: 3/21/2023, 06:02 PM
Previous filing: Aug 17, 2022
Next filing: Mar 28, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CIR	Common Stock	Options Exercise		+1.8K	+8.39%		23.2K	Mar 17, 2023	Direct	F1
transaction	CIR	Common Stock	Tax liability		-621	-2.68%		22.6K	Mar 17, 2023	Direct	F1

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	CIR	Restricted Stock Unit	Options Exercise	$0	-1.8K	-50%	$0.00	1.8K	Mar 17, 2023	Common Stock	1.8K	$0.00	Direct	F1
transaction	CIR	Restricted Stock Unit	Award	$0	+26.1K		$0.00	26.1K	Mar 17, 2023	Common Stock	26.1K	$0.00	Direct	F2
transaction	CIR	Restricted Stock Unit (MSP)	Award	$0	+7.26K		$0.00	7.26K	Mar 17, 2023	Common Stock	7.26K	$0.00	Direct	F3

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

Explanation of Responses:

Id	Content
F1	The Restricted Stock Units (RSUs), the conversion of which are reported herein, were granted to the Reporting Person by the issuer as part of equity incentive grants made by the issuer on 3/17/2021 utilizing a fair market value (FMV) of a share of the issuers stock of $39.82. The RSU grant vests in equal portions over a three year period, and are received by the Reporting Person upon vesting, on a one-for-one basis. This report reflects the vesting of one-third portion of the original RSU grant and the acquisition by the Reporting Person of the underlying shares minus sufficient shares withheld to pay applicable income taxes.
F2	The grant of Restricted Stock Units (RSUs), reported herein, entitles the Reporting Person to receive shares of the issuer common stock in equal installments of one-third of the original RSU grant on each of the first three anniversaries of the grant date. The RSUs automatically convert into shares of common stock on a one-for-one basis at no conversion cost to the Reporting Person.
F3	This Restricted Stock Units (RSUs) grant is issued pursuant to a provision of the issuers Management Stock Purchase Plan (MSPP) whereby, pursuant to an advanced election by the executive, he or she receives RSUs in lieu of a specified percentage or dollar amount of his or her annual incentive cash bonus. The RSUs are issued in whole units at a 33 percent discount from fair market value of the issuers common stock on the award date and generally vest 3 years from the date of the grant, at which time the RSUs convert into shares of common stock on a one-for-one basis unless the executive previously elected a longer deferral period.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney