Max H. Mitchell - May 15, 2023 Form 4 Insider Report for Crane Co (CR)

Role
President and CEO, Director
Signature
Attorney In Fact, Anthony M. D'Iorio
Stock symbol
CR
Transactions as of
May 15, 2023
Transactions value $
-$2,867,684
Form type
4
Date filed
5/16/2023, 05:34 PM
Previous filing
Apr 24, 2023
Next filing
Jul 27, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CR Common Stock Sale -$2.85M -37.3K -10.36% $76.48 323K May 15, 2023 Direct F1, F2, F3
transaction CR Common Stock Sale -$15.4K -200 -0.06% $76.81 323K May 15, 2023 Direct F1, F4
holding CR Common Stock 2.94K May 15, 2023 401(K)
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Mr. Mitchell sold 37,495 of his directly owned shares to support the purchase of a new home. Following this sale, Mr. Mitchell directly owns 322,628 shares.
F2 Weighted average price at which shares were sold at prices ranging from $75.80 to $76.80. The reporting person undertakes to provide, upon request of the Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
F3 Includes 360,123 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.
F4 The Company's stock ownership guidelines require Mr. Mitchell to maintain a minimum ownership level of 6x his base salary as President and Chief Executive Officer. After giving effect to the sale, Mr. Mitchell continues to beneficially own more than 20x his base salary in Company shares.