Filing Details

Accession Number:
0001944013-23-000004
Form Type:
4
Zero Holdings:
No
Publication Time:
2023-05-16 17:34:15
Reporting Period:
2023-05-15
Accepted Time:
2023-05-16 17:34:15
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1944013 Crane Co CR () 4
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1283695 H Max Mitchell 100 First Stamford Place
Stamford CT 06902-6784
President And Ceo Yes Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Disposition 2023-05-15 37,295 $76.48 322,828 No 4 S Direct
Common Stock Disposition 2023-05-15 200 $76.81 322,628 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Direct
No 4 S Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 2,939 Indirect 401(K)
Footnotes
  1. Mr. Mitchell sold 37,495 of his directly owned shares to support the purchase of a new home. Following this sale, Mr. Mitchell directly owns 322,628 shares.
  2. Weighted average price at which shares were sold at prices ranging from $75.80 to $76.80. The reporting person undertakes to provide, upon request of the Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
  3. Includes 360,123 shares received by the reporting person in a pro rata distribution by Crane Holdings, Co. ("Holdings") in connection with the spin-off of the issuer from Holdings on April 3, 2023.
  4. The Company's stock ownership guidelines require Mr. Mitchell to maintain a minimum ownership level of 6x his base salary as President and Chief Executive Officer. After giving effect to the sale, Mr. Mitchell continues to beneficially own more than 20x his base salary in Company shares.