Filing Details
- Accession Number:
- 0001944013-23-000015
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2023-11-29 17:19:30
- Reporting Period:
- 2023-11-27
- Accepted Time:
- 2023-11-29 17:19:30
- SEC Url:
- Form 4 Filing
Issuer
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 | Acquisiton | 2023-11-27 | 34,691 | $64.86 | 357,319 | No | 4 | M | Direct | |
| Common Stock | Acquisiton | 2023-11-28 | 22,542 | $64.86 | 379,861 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2023-11-27 | 15,136 | $108.25 | 364,725 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2023-11-27 | 19,555 | $109.62 | 345,170 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2023-11-28 | 11,257 | $104.40 | 333,913 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2023-11-28 | 1,743 | $105.67 | 332,170 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2023-11-28 | 1,337 | $106.77 | 330,833 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2023-11-28 | 585 | $107.57 | 330,248 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2023-11-28 | 5,467 | $109.40 | 324,781 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2023-11-28 | 2,153 | $109.79 | 322,628 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | M | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Crane Co. Common, Par Value $1.00 | Employee Stock Option (Right to Buy) | Disposition | 2023-11-27 | 34,691 | $0.00 | 34,691 | $64.86 |
| Crane Co. Common, Par Value $1.00 | Employee Stock Option (Right to Buy) | Disposition | 2023-11-28 | 22,542 | $0.00 | 22,542 | $64.86 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 48,502 | 2028-01-29 | No | 4 | M | Direct | |
| 25,960 | 2028-01-29 | No | 4 | M | Direct |
Reported Non-Derivative Holdings
| Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
|---|---|---|---|
| Common Stock | 2,952 | Indirect | 401(K) |
Footnotes
- Mr. Mitchell exercised and sold 57,233 stock options to better diversify his investment portfolio, which is largely comprised of Crane Company stock. Following this exercise and sale, Mr. Mitchell's direct ownership level remains unchanged at 322,628 shares of Crane Company stock.
- Weighted average price at which shares were sold at prices ranging from $107.76 to $108.48. 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.
- Weighted average price at which shares were sold at prices ranging from $109.14 to $110.11. 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.
- Weighted average price at which shares were sold at prices ranging from $104.08 to $104.76. 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.
- Weighted average price at which shares were sold at prices ranging from $105.22 to $106.05. 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.
- Weighted average price at which shares were sold at prices ranging from $106.28 to $107.25. 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.
- Weighted average price at which shares were sold at prices ranging from $107.31 to $108.16. 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.
- Weighted average price at which shares were sold at prices ranging from $108.67 to $109.66. 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.
- Weighted average price at which shares were sold at prices ranging from $109.67 to $110.12. 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.
- 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 exercise and sale, Mr. Mitchell continues to beneficially own more than 20x his base salary in Company shares.
- The options were granted 1/29/2018 with a ten-year term and vested 25% each year over four years.
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