Form 4 for CR Crane Co
Accepted 2023-04-28 00:00:00 ET · period of report 2023-04-26 · accession 0000899243-23-011887 · 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 | 2023-04-28 | 2023-04-26 | CR | Polmanteer Tamara S. | CHRO, Exec. VP | F - Tax | $71.40 | -608 | 1,639 | -27% | -$43.4K |
| D | 2023-04-28 | 2023-04-26 | CR | Polmanteer Tamara S. | CHRO, Exec. VP | M - OptEx | $0.00 | +1,311 | 2,247 | +140% | $0 |
| D | 2023-04-28 | 2023-04-26 | CR | Polmanteer Tamara S. | CHRO, Exec. VP | M - OptEx | $0.00 | -1,311 | 4,982 | -21% | $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 | 2023-04-26 | F | D | 608 | $71.40 | 1,639 | D | — | — | |
| 2 | Common | Common Stock | 2023-04-26 | M | A | 1,311 | $0.00 | 2,247 | D | — | — | (F1) Represents the vesting of 1,311 Restricted Share Units. (F2) Includes 936 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"). |
| 3 | Derivative | Restricted Share Unit | 2023-04-26 | M | D | 1,311 | $0.00 | 4,982 | D | — · — to — | 1,311 Common Stock | (F4) Pursuant to the terms of the Separation, all Restricted Share Units issued by Holdings that were held by then executive officers 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 Restricted Share Unit of Holdings received Restricted Share Units of both Holdings and the issuer on terms intended to maintain the intrinsic value of the Restricted Share 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 Restricted Share Units of the issuer represent Restricted Share Units received by the reporting person pursuant to such adjustment. (F3) 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. |