Anthony M. D'Iorio - Nov 17, 2023 Form 4 Insider Report for Crane Co (CR)

Role
Exec. V.P., Gen. Couns. & Sec.
Signature
/s/ Anthony M. D'Iorio
Stock symbol
CR
Transactions as of
Nov 17, 2023
Transactions value $
-$471,165
Form type
4
Date filed
11/21/2023, 07:44 PM
Previous filing
Mar 2, 2023
Next filing
Jan 29, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CR Common Stock Options Exercise $638K +9.84K +45.54% $64.86 31.4K Nov 17, 2023 Direct F1, F2
transaction CR Common Stock Tax liability -$846K -7.97K -25.34% $106.21 23.5K Nov 17, 2023 Direct F1
transaction CR Common Stock Options Exercise $620K +10.7K +45.49% $58.05 34.1K Nov 17, 2023 Direct F3
transaction CR Common Stock Tax liability -$883K -8.31K -24.34% $106.21 25.8K Nov 17, 2023 Direct F3
holding CR Common Stock 1.27K Nov 17, 2023 401(K)

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 Employee Stock Option (Right to Buy) Options Exercise $0 -9.84K -100% $0.00* 0 Nov 17, 2023 Common Stock 9.84K $64.86 Direct F4
transaction CR Employee Stock Option (Right to Buy) Options Exercise $0 -10.7K -74.99% $0.00 3.56K Nov 17, 2023 Common Stock 10.7K $58.05 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Mr. D'Iorio exercised 9,837 stock options, priced at $64.86 and due to expire 1/29/2028, at a market price of $106.21 The resulting after-tax gain was taken in the form of 1,870 shares of Crane Company Common Stock, resulting in a net increase in Mr. D'Iorio's direct holding by that amount, to 23,471 shares. Mr. D'Iorio tendered 6,007 shares of previously owned stock to pay the exercise price of the option, and 1,960 shares were withheld to pay taxes on the resulting gain.
F2 Includes 163 shares of stock acquired through the Company's dividend reinvestment plan.
F3 Mr. D'Iorio exercised 10,677 stock options, priced at $58.05 and due to expire 1/27/2030, at a market price of $106.21 The resulting after-tax gain was taken in the form of 2,365 shares of Crane Company Common Stock, resulting in a net increase in Mr. D'Iorio's direct holding by that amount, to 25,836 shares. Mr. D'Iorio tendered 5,836 shares of previously owned stock to pay the exercise price of the option, and 2,476 shares were withheld to pay taxes on the resulting gain.
F4 The options were granted 1/29/2018 with a ten-year term and vested 25% each year over four years.
F5 The options were granted 1/27/2020 with a ten-year term and vested 25% each year over four years.