Max H. Mitchell - Nov 27, 2023 Form 4 Insider Report for Crane Co (CR)

Signature
Attorney In Fact, Anthony M. D'Iorio
Stock symbol
CR
Transactions as of
Nov 27, 2023
Transactions value $
-$2,469,520
Form type
4
Date filed
11/29/2023, 05:19 PM
Previous filing
Jul 27, 2023
Next filing
Dec 1, 2023

Transactions Table

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 -34.7K -41.7% $0.00 48.5K Nov 27, 2023 CRANE CO. COMMON, PAR VALUE $1.00 34.7K $64.86 Direct F11
transaction CR Employee Stock Option (Right to Buy) Options Exercise $0 -22.5K -46.48% $0.00 26K Nov 28, 2023 CRANE CO. COMMON, PAR VALUE $1.00 22.5K $64.86 Direct F11
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Mr. Mitchell exercised and sold 57,233 stock options to better diversify his investment portfolio, which is largely comprised of Crane Company stock. Following this exercise and sale, Mr. Mitchell's direct ownership level remains unchanged at 322,628 shares of Crane Company stock.
F2 Weighted average price at which shares were sold at prices ranging from $107.76 to $108.48. 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 Weighted average price at which shares were sold at prices ranging from $109.14 to $110.11. 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.
F4 Weighted average price at which shares were sold at prices ranging from $104.08 to $104.76. 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.
F5 Weighted average price at which shares were sold at prices ranging from $105.22 to $106.05. 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.
F6 Weighted average price at which shares were sold at prices ranging from $106.28 to $107.25. 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.
F7 Weighted average price at which shares were sold at prices ranging from $107.31 to $108.16. 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.
F8 Weighted average price at which shares were sold at prices ranging from $108.67 to $109.66. 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.
F9 Weighted average price at which shares were sold at prices ranging from $109.67 to $110.12. 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.
F10 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 exercise and sale, Mr. Mitchell continues to beneficially own more than 20x his base salary in Company shares.
F11 The options were granted 1/29/2018 with a ten-year term and vested 25% each year over four years.