Marijane V. Papanikolaou - Feb 12, 2024 Form 4 Insider Report for Crane Co (CR)

Role
V.P. Controller & CAO
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, 05:00 PM
Previous filing
Apr 25, 2023
Next filing
Apr 26, 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 +801 $0.00 801 Feb 12, 2024 Common Stock 801 Direct F1, F2
transaction CR Employee Stock Option (Right to Buy) Award $0 +952 $0.00 952 Feb 12, 2024 Common Stock 952 $124.80 Direct F3
transaction CR Restricted Share Unit Award $0 +401 +19.72% $0.00 2.43K Feb 12, 2024 Common Stock 401 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.