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Crane NXT, Co. — Director's Dealing 2023
Feb 13, 2023
31213_dirs_2023-02-13_a1d0eff4-e07d-4207-96ac-27e00bbc508f.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Crane Holdings, Co. (CR)
CIK: 0000025445
Period of Report: 2023-02-09
Reporting Person: Maue Richard A (Exec. V.P & CFO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2023-02-09 | CRANE HOLDINGS, CO. COMMON, PAR VALUE $1.00 | M | 6650 | $79.14 | Acquired | 89304 | Direct |
| 2023-02-09 | CRANE HOLDINGS, CO. COMMON, PAR VALUE $1.00 | F | 5470 | $118.25 | Disposed | 83834 | Direct |
| 2023-02-09 | CRANE HOLDINGS, CO. COMMON, PAR VALUE $1.00 | M | 19712 | $83.58 | Acquired | 103546 | Direct |
| 2023-02-09 | CRANE HOLDINGS, CO. COMMON, PAR VALUE $1.00 | F | 16611 | $118.25 | Disposed | 86935 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2023-02-09 | Employee Stock Option (Right to Buy) | $79.14 | M | 6650 | Disposed | 2029-01-28 | CRANE HOLDINGS, CO. COMMON, PAR VALUE $1.00 (6650.0) | Direct |
| 2023-02-09 | Employee Stock Option (Right to Buy) | $83.58 | M | 19712 | Disposed | 2030-01-27 | CRANE CO. COMMON, PAR VALUE $1.00 (19712.0) | Direct |
Footnotes
F1: Mr. Maue exercised 6,650 stock options, priced at $79.14 and due to expire 1/28/2029, at a market price of $118.25. The resulting after-tax gain was taken in the form of 1,180 shares of Crane Holdings, Co. Common Stock, resulting in a net increase in Mr. Maue's direct holding by that amount, to 83,834 shares. Mr. Maue tendered 4,451 shares of previously owned stock to pay the exercise price of the option, and 1,019 shares were withheld to pay taxes on the resulting gain.
F2: Mr. Maue exercised 19,712 stock options, priced at $83.58 and due to expire 1/27/2030, at a market price of $118.25. The resulting after-tax gain was taken in the form of 3,101 shares of Crane Holdings, Co. Common Stock, resulting in a net increase in Mr. Maue's direct holding by that amount, to 86,935 shares. Mr. Maue tendered 13,933 shares of previously owned stock to pay the exercise price of the option, and 2,678 shares were withheld to pay taxes on the resulting gain.
F3: The options were granted 1/28/2019 with a ten-year term and vested 25% each year over four years.
F4: The options were granted 1/27/2020 with a ten-year term and vested 25% each year over four years.