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Crane NXT, Co. — Director's Dealing 2023
Dec 1, 2023
31213_dirs_2023-12-01_5a1bfd12-369f-45a5-bd44-322f7fde28b5.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Crane NXT, Co. (CXT)
CIK: 0000025445
Period of Report: 2023-11-29
Reporting Person: MITCHELL MAX H (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2023-11-29 | COMMON STOCK | M | 5282 | $35.06 | Acquired | 327910 | Direct |
| 2023-11-29 | COMMON STOCK | S | 5282 | $51 | Disposed | 322628 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2023-11-29 | Employee Stock Option (Right to Buy) | $35.06 | M | 5282 | Disposed | 2028-01-29 | COMMON STOCK (5282) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| COMMON STOCK | 2939 | Indirect |
Footnotes
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.
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.
F3: The options were granted 1/29/2018 with a ten-year term and vested 25% each year over four years.