Form 4 for CXT Crane NXT, Co.
Accepted 2023-12-01 00:00:00 ET · period of report 2023-11-29 · accession 0000025445-23-000128 · 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 | 2023-12-01 | 2023-11-29 | CXT | MITCHELL MAX H | Dir | S - Sale+OE | $51.00 | -5,282 | 322.6K | -2% | -$269.4K |
| D | 2023-12-01 | 2023-11-29 | CXT | MITCHELL MAX H | Dir | M - OptEx | $35.06 | +5,282 | 327.9K | +2% | +$185.2K |
| D | 2023-12-01 | 2023-11-29 | CXT | MITCHELL MAX H | Dir | M - OptEx | $0.00 | -5,282 | 21.7K | -20% | $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 | COMMON STOCK | 2023-11-29 | S | D | 5,282 | $51.00 | 322,628 | D | — | — | (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. |
| 2 | Common | COMMON STOCK | 2023-11-29 | M | A | 5,282 | $35.06 | 327,910 | D | — | — | (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. |
| 3 | Derivative | Employee Stock Option (Right to Buy) | 2023-11-29 | M | D | 5,282 | $0.00 | 21,718 | D | $35.06 · — to 2028-01-29 | 5,282 COMMON STOCK | (F3) The options were granted 1/29/2018 with a ten-year term and vested 25% each year over four years. |