4//SEC Filing
BENANTE MARTIN R 4
Accession 0000899243-23-011766
CIK 0001944013other
Filed
Apr 25, 8:00 PM ET
Accepted
Apr 26, 6:21 PM ET
Size
10.8 KB
Accession
0000899243-23-011766
Insider Transaction Report
Form 4
Crane CoCR
BENANTE MARTIN R
Director
Transactions
- Award
Common Stock
2023-04-24+121→ 1,191 total - Award
Deferred Stock Units
2023-04-24+1,897→ 16,575 total→ Common Stock (1,897 underlying) - Award
Deferred Stock Units
2023-04-24+254→ 16,289 total→ Common Stock (254 underlying)
Footnotes (6)
- [F1]Shares granted as part of the reporting person's election to receive a portion of the cash retainer for board services in fully vested shares of common stock.
- [F2]Includes 1,070 shares received by the reporting person in a pro rata distribution by Crane Holdings, Co. ("Holdings") in connection with the spin-off of the issuer from Holdings on April 3, 2023 (the "Separation").
- [F3]Deferred Stock Units convert into common stock on a one-for-one basis upon separation from service on the Board of Directors.
- [F4]Deferred Stock Units are forfeited if service terminates before the one-year anniversary of the grant, unless termination results from death or change in control of Crane Company.
- [F5]Pursuant to the terms of the Separation, all Deferred Stock Units issued by Holdings that were held by then directors of Holdings, including the reporting person, and outstanding immediately prior to the consummation of the Separation, were adjusted. Pursuant to the adjustment, each such holder of a Deferred Stock Unit of Holdings received Deferred Stock Units of both Holdings and the issuer on terms intended to maintain the intrinsic value of the Deferred Stock Unit of Holdings immediately before and after the consummation of the Separation, on the same general terms and conditions as were in place immediately prior to the consummation of the Separation. The Deferred Stock Units of the issuer represent Deferred Stock Units received by the reporting person pursuant to such adjustment.
- [F6]Represents Deferred Stock Unit dividends accumulated during the year.
Documents
Issuer
Crane Co
CIK 0001944013
Entity typeother
Related Parties
1- filerCIK 0001208946
Filing Metadata
- Form type
- 4
- Filed
- Apr 25, 8:00 PM ET
- Accepted
- Apr 26, 6:21 PM ET
- Size
- 10.8 KB