4//SEC Filing
SALOVAARA KRISTIAN ROBERT 4
Accession 0000025445-21-000021
CIK 0000025445other
Filed
Jan 26, 7:00 PM ET
Accepted
Jan 27, 6:40 PM ET
Size
9.4 KB
Accession
0000025445-21-000021
Insider Transaction Report
Form 4
SALOVAARA KRISTIAN ROBERT
VP, Business Development
Transactions
- Award
Restricted Share Unit
2021-01-25+2,545→ 4,809 total→ CRANE CO. COMMON, PAR VALUE $1.00 (2,545 underlying) - Disposition to Issuer
2018 Performance-Based Restricted Share Unit
2021-01-25−2,677→ 0 total→ CRANE CO. COMMON, PAR VALUE $1.00 (2,677 underlying)
Footnotes (5)
- [F1]25% of the Restricted Share Units granted will be converted into shares of Common Stock on each of the first, second, third and fourth anniversaries of the grant date (January 30, 2017), provided the recipient remains employed by the Company, or retires after age 65, or after age 62 with ten years of service; all Restricted Share Units will be converted into shares of Common Stock upon death or permanent disability, or if employment is involuntarily terminated within two years after a change in control of the Company.
- [F2]25% of the Restricted Share Units granted will be converted into shares of Common Stock on each of the first, second, third and fourth anniversaries of the grant date (January 25, 2021), provided the recipient remains employed by the Company, or retires after age 65, or after age 62 with ten years of service; all Restricted Share Units will be converted into shares of Common Stock upon death or permanent disability, or if employment is involuntarily terminated within two years after a change in control of the Company.
- [F3]A Restricted Share Unit is forfeited if the recipient resigns, or employment is terminated, before it has been converted to Common Stock.
- [F4]Each 2018 Performance-Based RSU represents a contingent right to receive a number of shares of Crane Co. common stock between zero and 2.00, depending upon the Total Shareholder Return of Crane Co.'s common stock compared to that of the companies in the S&P MidCap 400 Capital Goods Group during the period beginning January 1, 2018 and ending December 31, 2020.
- [F5]Assuming the performance conditions specified in footnote 4 are met, the Performance-Based RSUs will vest on December 31, 2020, provided the recipient remains employed by the Company; or upon the recipient's earlier retirement, death or permanent disability; or upon a change in control of the Company.
Documents
Issuer
CRANE CO /DE/
CIK 0000025445
Entity typeother
Related Parties
1- filerCIK 0001373822
Filing Metadata
- Form type
- 4
- Filed
- Jan 26, 7:00 PM ET
- Accepted
- Jan 27, 6:40 PM ET
- Size
- 9.4 KB