Form 4 for CXT Crane NXT, Co.
Accepted 2023-02-08 00:00:00 ET · period of report 2023-02-06 · accession 0000025445-23-000056 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2023-02-08 | 2023-02-07 | CXT | Gallo Kurt F. | SVP | F - Tax | $120.17 | -110 | 289 | -28% | -$13.2K |
| D | 2023-02-08 | 2023-02-07 | CXT | Gallo Kurt F. | SVP | S - Sale+OE | $119.03 | -8,263 | 289 | -97% | -$983.5K |
| DM | 2023-02-08 | 2023-02-07 | CXT | Gallo Kurt F. | SVP | M - OptEx | $89.10 | +8,662 | 8,552 | New | +$771.8K |
| DM | 2023-02-08 | 2023-02-06 | CXT | Gallo Kurt F. | SVP | A - Grant | $0.00 | +7,898 | 2,715 | New | $0 |
| DM | 2023-02-08 | 2023-02-07 | CXT | Gallo Kurt F. | SVP | M - OptEx | $0.00 | -8,662 | 4,473 | -66% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | CRANE HOLDINGS, CO. COMMON, PAR VALUE $1.00 | 2023-02-07 | F | D | 110 | $120.17 | 289 | D | — | — | |
| 2 | Common | CRANE HOLDINGS, CO. COMMON, PAR VALUE $1.00 | 2023-02-07 | S | D | 8,263 | $119.03 | 289 | D | — | — | (F2) Weighted average price at which shares were sold at prices ranging from $119.00 to $119.14. 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. |
| 3 | Common | CRANE HOLDINGS, CO. COMMON, PAR VALUE $1.00 | 2023-02-07 | M | A | 399 | $0.00 | 399 | D | — | — | (F1) Represents vesting of 399 previously reported Restricted Share Units. |
| 4 | Common | CRANE HOLDINGS, CO. COMMON, PAR VALUE $1.00 | 2023-02-07 | M | A | 8,263 | $93.40 | 8,552 | D | — | — | |
| 5 | Derivative | Employee Stock Option (Right to Buy) | 2023-02-06 | A | A | 3,826 | $0.00 | 3,826 | D | $119.71 · — to 2033-02-06 | 3,826 CRANE HOLDINGS, CO. COMMON, PAR VALUE $1.00 | (F5) 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. |
| 6 | Derivative | Restricted Share Unit | 2023-02-06 | A | A | 1,357 | $0.00 | 4,872 | D | — · — to — | 1,357 CRANE HOLDINGS, CO. COMMON, PAR VALUE $1.00 | (F6) Restricted Share Units convert into common stock on a one-for-one basis. (F7) Restricted Share Units vest ratably in four equal installments beginning on the first anniversary of the grant date. (F8) Restricted Share Units are forfeited if the recipient resigns, or employment is terminated, before it has been converted to common stock. |
| 7 | Derivative | Employee Stock Option (Right to Buy) | 2023-02-07 | M | D | 8,263 | $0.00 | 0 | D | $93.40 · — to 2028-01-29 | 8,263 CRANE HOLDINGS, CO. COMMON, PAR VALUE $1.00 | (F9) The options were granted 1/29/2018 with a ten-year term and vested 25% each year over four years. |
| 8 | Derivative | Restricted Share Unit | 2023-02-07 | M | D | 399 | $0.00 | 4,473 | D | — · — to — | 399 CRANE HOLDINGS, CO. COMMON, PAR VALUE $1.00 | (F6) Restricted Share Units convert into common stock on a one-for-one basis. (F7) Restricted Share Units vest ratably in four equal installments beginning on the first anniversary of the grant date. |
| 9 | Derivative | 2023 Performance-Based Restricted Share Unit | 2023-02-06 | A | A | 2,715 | $0.00 | 2,715 | D | — · — to — | 2,715 CRANE HOLDINGS, CO. COMMON, PAR VALUE $1.00 | (F3) Each 2023 Performance-Based RSU represents a contingent right to receive a number of shares of Crane Holdings, Co. common stock between zero and 2.00. (F4) 2023 Performance-Based RSUs vest on December 31, 2025, if Crane Holdings, Co.'s common stock achieves certain performance criteria for each fiscal year over the three years ending December 31, 2025, and contingent on continued employment with Crane Holdings, Co., subject to certain exceptions. |