Filing Details

Accession Number:
0001944013-23-000017
Form Type:
4
Zero Holdings:
No
Publication Time:
2023-11-30 17:54:02
Reporting Period:
2023-11-29
Accepted Time:
2023-11-30 17:54:02
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 Acquisiton 2023-11-29 4,242 $64.86 326,870 No 4 M Direct
Common Stock Disposition 2023-11-29 4,242 $104.09 322,628 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M 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 2023-11-29 4,242 $0.00 4,242 $64.86
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
21,718 2028-01-29 No 4 M Direct
Footnotes
  1. Mr. Mitchell exercised and sold 4,242 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.
  2. Weighted average price at which shares were sold at prices ranging from $104.00 to $104.70. 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. 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.
  4. The options were granted 1/29/2018 with a ten-year term and vested 25% each year over four years.