Shardelow Bianca B. 4
Research Summary
AI-generated summary
Crane NXT (CXT) VP Bianca Shardelow Receives RSUs, Sells Shares
What Happened
Bianca B. Shardelow, Vice President, Controller & Chief Accounting Officer of Crane NXT (CXT), had a total of 970 Restricted Share Units (445 on Feb 6, 525 on Feb 7, 2026) vest and convert into 970 common shares. To cover tax withholding, 251 shares were surrendered on Feb 6 at $52.95 (value $13,290) and 296 shares were surrendered on Feb 7 at $56.05 (value $16,591), for a combined withholding value of $29,881. After withholding, Shardelow retained a net 423 shares from these vesting events. These were routine vesting and tax-withholding actions, not open-market sales.
Key Details
- Transaction dates: Feb 6, 2026 (445 RSUs vest; 251 shares withheld at $52.95) and Feb 7, 2026 (525 RSUs vest; 296 shares withheld at $56.05).
- Withholding disposed shares/value: 251 shares = $13,290; 296 shares = $16,591; total = $29,881.
- Net shares from these events: 970 vested − 547 withheld = 423 net shares retained. Total holdings after these transactions are not reported in this filing excerpt.
- Reported transaction codes: M = conversion/vesting of derivative (RSU conversion), F = payment of tax liability (share withholding).
- Footnotes: F1/F2 confirm vesting of previously reported RSUs; F3 confirms 1-for-1 conversion to common stock; F4 notes RSUs vest 25% per year over four years from first anniversary of grant.
- Filing: Form 4 filed Feb 9, 2026 for transactions on Feb 6–7; appears timely (filed within typical SEC reporting window).
Context
These entries reflect RSU vesting and the customary share withholding to cover tax obligations (a common, administrative action), not an open-market sale that would more directly signal insider sentiment. The Form 4 shows conversion of RSUs into shares (derivative transactions coded M) and the surrender of a portion of those shares to satisfy taxes (coded F).