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

Role
Exec. V.P., Gen. Couns. & Sec.
Signature
/s/ Anthony M. D'Iorio
Issuer symbol
CR
Transactions as of
17 Nov 2023
Net transactions value
-$471,165
Form type
4
Filing time
21 Nov 2023, 19:44:22 UTC
Previous filing
02 Mar 2023
Next filing
29 Jan 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 $638,028 +9,837 +46% $64.86 31,438 17 Nov 2023 Direct F1, F2
transaction CR Common Stock Tax liability $846,175 -7,967 -25% $106.21 23,471 17 Nov 2023 Direct F1
transaction CR Common Stock Options Exercise $619,800 +10,677 +45% $58.05 34,148 17 Nov 2023 Direct F3
transaction CR Common Stock Tax liability $882,818 -8,312 -24% $106.21 25,836 17 Nov 2023 Direct F3
holding CR Common Stock 1,266 17 Nov 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 -9,837 -100% $0.000000* 0 17 Nov 2023 Common Stock 9,837 $64.86 Direct F4
transaction CR Employee Stock Option (Right to Buy) Options Exercise $0 -10,677 -75% $0.000000 3,560 17 Nov 2023 Common Stock 10,677 $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.