| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | CR | Common Stock | Options Exercise | $275K | +4.24K | +1.31% | $64.86 | 327K | Nov 29, 2023 | Direct | F1 |
| transaction | CR | Common Stock | Sale | -$442K | -4.24K | -1.3% | $104.09 | 323K | Nov 29, 2023 | Direct | F2, F3 |
| 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 | -4.24K | -16.34% | $0.00 | 21.7K | Nov 29, 2023 | CRANE CO. COMMON, PAR VALUE $1.00 | 4.24K | $64.86 | Direct | F4 |
| Id | Content |
|---|---|
| F1 | Mr. Mitchell exercised and sold 4,242 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 $104.00 to $104.70. 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 | 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. |
| F4 | The options were granted 1/29/2018 with a ten-year term and vested 25% each year over four years. |