Form 4 for CR Crane Co
Accepted 2023-04-26 00:00:00 ET · period of report 2023-04-24 · accession 0000899243-23-011766 · 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 | 2023-04-26 | 2023-04-24 | CR | BENANTE MARTIN R | Dir | A - Grant | $0.00 | +121 | 1,191 | +11% | $0 |
| DM | 2023-04-26 | 2023-04-24 | CR | BENANTE MARTIN R | Dir | A - Grant | $0.00 | +2,151 | 16.6K | +15% | $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 | 2023-04-24 | A | A | 121 | $0.00 | 1,191 | D | — | — | (F1) Shares granted as part of the reporting person's election to receive a portion of the cash retainer for board services in fully vested shares of common stock. (F2) Includes 1,070 shares received by the reporting person in a pro rata distribution by Crane Holdings, Co. ("Holdings") in connection with the spin-off of the issuer from Holdings on April 3, 2023 (the "Separation"). |
| 2 | Derivative | Deferred Stock Units | 2023-04-24 | A | A | 254 | $0.00 | 16,289 | D | — · — to — | 254 Common Stock | (F6) Represents Deferred Stock Unit dividends accumulated during the year. (F3) Deferred Stock Units convert into common stock on a one-for-one basis upon separation from service on the Board of Directors. (F4) Deferred Stock Units are forfeited if service terminates before the one-year anniversary of the grant, unless termination results from death or change in control of Crane Company. |
| 3 | Derivative | Deferred Stock Units | 2023-04-24 | A | A | 1,897 | $0.00 | 16,575 | D | — · — to — | 1,897 Common Stock | (F5) Pursuant to the terms of the Separation, all Deferred Stock Units issued by Holdings that were held by then directors of Holdings, including the reporting person, and outstanding immediately prior to the consummation of the Separation, were adjusted. Pursuant to the adjustment, each such holder of a Deferred Stock Unit of Holdings received Deferred Stock Units of both Holdings and the issuer on terms intended to maintain the intrinsic value of the Deferred Stock Unit of Holdings immediately before and after the consummation of the Separation, on the same general terms and conditions as were in place immediately prior to the consummation of the Separation. The Deferred Stock Units of the issuer represent Deferred Stock Units received by the reporting person pursuant to such adjustment. (F3) Deferred Stock Units convert into common stock on a one-for-one basis upon separation from service on the Board of Directors. (F4) Deferred Stock Units are forfeited if service terminates before the one-year anniversary of the grant, unless termination results from death or change in control of Crane Company. |