Max H. Mitchell - 29 Nov 2023 Form 4 Insider Report for Crane NXT, Co. (CXT)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
01 Dec 2023, 16:22:24 UTC
Prior SEC filing
29 Nov 2023
Next SEC filing
29 Jan 2024
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Paul G. Igoe, Attorney-in-Fact

Key filing fact

Max H. Mitchell filed Form 4 for Crane NXT, Co. (CXT) on 01 Dec 2023.

Key facts

  • This page summarizes Max H. Mitchell's Form 4 filing for Crane NXT, Co. (CXT).
  • 3 reported transactions and 1 derivative row are listed below.
  • Accepted by SEC: 01 Dec 2023, 16:22.

Change

  • Previous filing in this sequence was filed on 29 Nov 2023.
  • Current net transaction value: -$84,195.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

CXT transaction

COMMON STOCK

Options Exercise

Transaction value
$185,187
Shares
+5,282
Change %
+1.6%
Price
$35.06
Shares after
327,910
Date
29 Nov 2023
Ownership
Direct
Footnotes
F1
CXT transaction

COMMON STOCK

Sale

Transaction value
$269,382
Shares
-5,282
Change %
-1.6%
Price
$51.00
Shares after
322,628
Date
29 Nov 2023
Ownership
Direct
Footnotes
F2
CXT holding

COMMON STOCK

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
2,939
Date
29 Nov 2023
Ownership
401(K)

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

CXT transaction Derivative

Employee Stock Option (Right to Buy)

Options Exercise

Transaction value
$0
Shares
-5,282
Change %
-20%
Price
$0.000000
Shares after
21,718
Date
29 Nov 2023
Ownership
Direct
Underlying class
COMMON STOCK
Underlying amount
5,282
Exercise price
$35.06
Footnotes
F3
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote F1

Mr. Mitchell exercised and sold 5,282 stock options at a price of $51.00 to better diversify his investment portfolio, which is largely comprised of Crane NXT stock. Following this exercise and sale, Mr. Mitchell's direct ownership level remains unchanged at 322,628 shares of Crane NXT stock.

Footnote F2

The Company's stock ownership guidelines for non-employee directors require Mr. Mitchell to maintain a minimum ownership level of at least five times the cash portion of his annual retainer received as a director. After giving effect to the exercise and sale, Mr. Mitchell continues to beneficially own more than 100 times the cash portion of his annual retainer in issuer stock.

Footnote F3

The options were granted 1/29/2018 with a ten-year term and vested 25% each year over four years.

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