Max H. Mitchell - Feb 12, 2024 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
Feb 12, 2024
Transactions value $
$0
Form type
4
Date filed
2/14/2024, 04:58 PM
Previous filing
Feb 13, 2024
Next filing
Feb 16, 2024

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 2024 Performance-Based RSU Award $0 +24.9K $0.00 24.9K Feb 12, 2024 Common Stock 24.9K Direct F1, F2
transaction CR Employee Stock Option (Right to Buy) Award $0 +26.9K $0.00 26.9K Feb 12, 2024 Common Stock 26.9K $124.80 Direct F3
transaction CR Restricted Share Unit Award $0 +9.04K +59.34% $0.00 24.3K Feb 12, 2024 Common Stock 9.04K Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each 2024 Performance-Based RSU represents a contingent right to receive a number of shares of Crane Company common stock between zero and 2.00.
F2 2024 Performance-Based RSUs vest on December 31, 2026, if Crane Company's common stock achieves certain performance criteria for each fiscal year over the three years ending December 31, 2026, and contingent on continued employment with Crane Company, subject to certain exceptions.
F3 Options become exercisable 25% on the first anniversary, 50% on the second anniversary, 75% on the third anniversary and 100% on the fourth anniversary of the date of grant.
F4 Restricted Share Units convert into common stock on a one-for-one basis.
F5 Restricted Share Units vest ratably in four equal installments beginning on the first anniversary of the grant date.