Crane NXT, Co. — Director's Dealing 2021

May 26, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CRANE CO /DE/ (CR)
CIK: 0000025445
Period of Report: 2021-05-25

Reporting Person: MITCHELL MAX H (Director, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-05-25	CRANE CO. COMMON, PAR VALUE $1.00	M	217791	$43.57	Acquired	495487	Direct
2021-05-25	CRANE CO. COMMON, PAR VALUE $1.00	F	154411	$95.20	Disposed	341076	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-05-25	Employee Stock Option (Right to Buy)	$43.57	M	217791	Disposed	2026-01-25	CRANE CO. COMMON, PAR VALUE $1.00 (217791.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
CRANE CO. COMMON, PAR VALUE $1.00	2834	Indirect

Footnotes

F1: Mr. Mitchell exercised 217,791 stock options, priced at $43.57 and due to expire 01/25/2026, at a market price of $95.20. The resulting after-tax gain was taken in the form of 63,380 shares of Crane Co. Common Stock, resulting in a net increase in Mr. Mitchell's direct holding by that amount, to 341,076 shares. Mr. Mitchell tendered 99,676 shares of previously owned stock to pay the exercise price of the option, and 54,735 shares were withheld to pay taxes on the resulting gain.

F2: The options were granted 01/25/2016 with a ten-year term and vested 25% each year over four years.