Form 4 for CR Crane Co
Accepted 2023-11-21 00:00:00 ET · period of report 2023-11-17 · accession 0001944013-23-000013 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2023-11-21 | 2023-11-17 | CR | D'Iorio Anthony M. | EVP, Gen. Couns, Sec | M - OptEx | $61.32 | +20.5K | 34.1K | +150% | +$1.26M |
| DM | 2023-11-21 | 2023-11-17 | CR | D'Iorio Anthony M. | EVP, Gen. Couns, Sec | F - Tax | $106.21 | -16.3K | 23.5K | -41% | -$1.73M |
| DM | 2023-11-21 | 2023-11-17 | CR | D'Iorio Anthony M. | EVP, Gen. Couns, Sec | M - OptEx | $0.00 | -20.5K | 3,560 | -85% | $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 | 2023-11-17 | M | A | 9,837 | $64.86 | 31,438 | D | — | — | (F1) Mr. D'Iorio exercised 9,837 stock options, priced at $64.86 and due to expire 1/29/2028, at a market price of $106.21 The resulting after-tax gain was taken in the form of 1,870 shares of Crane Company Common Stock, resulting in a net increase in Mr. D'Iorio's direct holding by that amount, to 23,471 shares. Mr. D'Iorio tendered 6,007 shares of previously owned stock to pay the exercise price of the option, and 1,960 shares were withheld to pay taxes on the resulting gain. (F2) Includes 163 shares of stock acquired through the Company's dividend reinvestment plan. |
| 2 | Common | Common Stock | 2023-11-17 | F | D | 8,312 | $106.21 | 25,836 | D | — | — | (F3) Mr. D'Iorio exercised 10,677 stock options, priced at $58.05 and due to expire 1/27/2030, at a market price of $106.21 The resulting after-tax gain was taken in the form of 2,365 shares of Crane Company Common Stock, resulting in a net increase in Mr. D'Iorio's direct holding by that amount, to 25,836 shares. Mr. D'Iorio tendered 5,836 shares of previously owned stock to pay the exercise price of the option, and 2,476 shares were withheld to pay taxes on the resulting gain. |
| 3 | Common | Common Stock | 2023-11-17 | M | A | 10,677 | $58.05 | 34,148 | D | — | — | (F3) Mr. D'Iorio exercised 10,677 stock options, priced at $58.05 and due to expire 1/27/2030, at a market price of $106.21 The resulting after-tax gain was taken in the form of 2,365 shares of Crane Company Common Stock, resulting in a net increase in Mr. D'Iorio's direct holding by that amount, to 25,836 shares. Mr. D'Iorio tendered 5,836 shares of previously owned stock to pay the exercise price of the option, and 2,476 shares were withheld to pay taxes on the resulting gain. |
| 4 | Common | Common Stock | 2023-11-17 | F | D | 7,967 | $106.21 | 23,471 | D | — | — | (F1) Mr. D'Iorio exercised 9,837 stock options, priced at $64.86 and due to expire 1/29/2028, at a market price of $106.21 The resulting after-tax gain was taken in the form of 1,870 shares of Crane Company Common Stock, resulting in a net increase in Mr. D'Iorio's direct holding by that amount, to 23,471 shares. Mr. D'Iorio tendered 6,007 shares of previously owned stock to pay the exercise price of the option, and 1,960 shares were withheld to pay taxes on the resulting gain. |
| 5 | Derivative | Employee Stock Option (Right to Buy) | 2023-11-17 | M | D | 9,837 | $0.00 | 0 | D | $64.86 · — to 2028-01-29 | 9,837 Common Stock | (F4) The options were granted 1/29/2018 with a ten-year term and vested 25% each year over four years. |
| 6 | Derivative | Employee Stock Option (Right to Buy) | 2023-11-17 | M | D | 10,677 | $0.00 | 3,560 | D | $58.05 · — to 2030-01-27 | 10,677 Common Stock | (F5) The options were granted 1/27/2020 with a ten-year term and vested 25% each year over four years. |