EVANS ROBERT S 4
4 · CRANE CO /DE/ · Filed Apr 29, 2020
Insider Transaction Report
Form 4
EVANS ROBERT S
Director
Transactions
- Award
CRANE CO. COMMON, PAR VALUE $1.00
2020-04-27+27,506→ 426,890 total - Award
Deferred Stock Units
2020-04-27+0→ 26,625 total→ CRANE CO. COMMON, PAR VALUE $1.00 (548 underlying)
Footnotes (4)
- [F1]881 of these shares were granted as part of the reporting person's election to receive 100% of his annual cash retainer for board services in shares of Crane Co. common stock. 24,455 of these shares represent the conversion of the reporting person's DSU awards to shares as a result of his retirement from the board on 4/27/2020, and the remaining 2,170 shares represent dividends on DSU awards, which the reporting person has elected to receive in shares of Crane Co. common stock.
- [F2]Each Deferred Stock Unit represents the right to receive one share of Crane Co. common stock upon separation from service on the Board of Directors.
- [F3]These Deferred Stock Units are granted to coincide with payment of dividends on Crane Co. Stock.
- [F4]Following his retirement from service on the Board of Directors on 4/27/2020, the entirety of the reporting person's DSUs, including this award, were converted to shares of Crane Co. common stock as disclosed on Table I.