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Crane NXT, Co. — Director's Dealing 2024
Jan 9, 2024
31213_dirs_2024-01-08_a9ad540a-3134-49ed-9b6c-dafa67582d4d.zip
Director's Dealing
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SEC Form 3/A — Form 3/A
Issuer: Crane NXT, Co. (CXT)
CIK: 0000025445
Period of Report: 2023-04-03
Reporting Person: Shardelow Bianca B. (VP, Controller & CAO)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| COMMON STOCK | 675 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Restricted Share Unit | $ | COMMON STOCK (5093) | Direct | ||
| Employee Stock Option (Right to Buy) | $31.37 | 2030-01-27 | COMMON STOCK (5336) | Direct |
Footnotes
F1: The reporting person's original Form 3 filed on April 12, 2023 incorrectly reported 1,135 shares of common stock held directly by the reporting person.
F2: Includes 384 Restricted Share Units that vest on January 27, 2024, 1,357 Restricted Share Units that vest ratably in two equal annual installments beginning on January 25, 2024, 1,572 Restricted Share Units that vest ratably in three equal annual installments beginning on February 7, 2024, and 1,780 Restricted Share Units that vest ratably in four equal annual installments beginning on February 6, 2024.
F3: Pursuant to the terms of the spin-off of Crane Company from the issuer on April 3, 2023 (the "Separation"), the number of shares underlying all Restricted Share Unit and Option awards issued by the issuer that were held by then employees of the issuer, including the reporting person, and outstanding immediately prior to the consummation of the Separation, were adjusted. The adjustment was intended to maintain the intrinsic value of the Restricted Share Unit and Option awards of the issuer immediately before and after the consummation of the Separation. The number reported here reflects such adjustment.
F4: Restricted Share Units convert into common stock on a one-for-one basis.
F5: Options become exercisable 25% on the first anniversary, 50% on the second anniversary, 75% on the third anniversary and 100% on the fourth anniversary of the date of grant, which was January 27, 2020
F6: Pursuant to the terms of the Separation, the exercise price of all Option awards issued by the issuer that were held by then employees of the issuer, including the reporting person, and outstanding immediately prior to the consummation of the Separation, were adjusted. The adjustment was intended to maintain the intrinsic value of the Option awards of the issuer immediately before and after the consummation of the Separation. The number reported here reflects such adjustment.