Filing Details
- Accession Number:
- 0000025445-23-000128
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2023-12-01 16:22:24
- Reporting Period:
- 2023-11-29
- Accepted Time:
- 2023-12-01 16:22:24
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 25445 | Crane Nxt Co. | CXT | Miscellaneous Fabricated Metal Products (3490) | 880706021 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1283695 | H Max Mitchell | 950 Winter Street 4Th Floor Waltham MA 02451 | Yes | No | 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 | 5,282 | $35.06 | 327,910 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2023-11-29 | 5,282 | $51.00 | 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 |
|---|---|---|---|---|---|---|---|
| Common Stock | Employee Stock Option (Right to Buy) | Disposition | 2023-11-29 | 5,282 | $0.00 | 5,282 | $35.06 |
| 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 |
Reported Non-Derivative Holdings
| Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
|---|---|---|---|
| Common Stock | 2,939 | Indirect | 401(K) |
Footnotes
- Mr. Mitchell exercised and sold 5,282 stock options at a price of $51.00 to better diversify his investment portfolio, which is largely comprised of Crane NXT stock. Following this exercise and sale, Mr. Mitchell's direct ownership level remains unchanged at 322,628 shares of Crane NXT stock.
- The Company's stock ownership guidelines for non-employee directors require Mr. Mitchell to maintain a minimum ownership level of at least five times the cash portion of his annual retainer received as a director. After giving effect to the exercise and sale, Mr. Mitchell continues to beneficially own more than 100 times the cash portion of his annual retainer in issuer stock.
- The options were granted 1/29/2018 with a ten-year term and vested 25% each year over four years.
Billionaire Hedge Funds
