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Crane NXT, Co.·4

Feb 9, 5:26 PM ET

Keayes Samuel 4

Research Summary

AI-generated summary

Updated

Crane NXT (CXT) SVP Keayes Samuel Exercises RSUs; Shares Withheld

What Happened

  • Keayes Samuel, SVP, Security & Authentication Technology at Crane NXT (CXT), had performance-based and time‑based restricted stock units (RSUs) convert/vest on Feb 5–7, 2026. He received a total of 5,454 shares from those conversions/vestings and had 2,565 shares withheld to cover tax liabilities, representing $135,911 in tax withholding.
  • The withholding/share disposition entries show per-share withholding prices of $52.51 (1,961 shares, $102,972) on Feb 5, $52.95 (295 shares, $15,620) on Feb 6, and $56.05 (309 shares, $17,319) on Feb 7. The conversions/vests were reported as derivative exercises (code M) and tax withholdings (code F).

Key Details

  • Transaction dates & items:
    • Feb 5, 2026: 4,172 shares acquired (conversion), 1,961 shares withheld at $52.51 (tax) = $102,972.
    • Feb 6, 2026: 626 shares acquired (vesting), 295 shares withheld at $52.95 = $15,620.
    • Feb 7, 2026: 656 shares acquired (vesting), 309 shares withheld at $56.05 = $17,319.
    • Total shares converted/vested (gross): 5,454. Total shares withheld (taxes): 2,565. Net new shares received: 2,889.
  • Footnotes from the filing:
    • F1: 2023 Performance-Based RSUs converted at 0.833 shares per RSU based on three‑year performance through 12/31/2025.
    • F2/F3: Represent vesting of previously reported Restricted Share Units.
    • F4: RSUs convert to common stock on a one‑for‑one basis (time‑based RSUs); F5: time‑based RSUs vest 25% per year over four years.
  • Shares owned after the transactions: not specified in the provided filing excerpt.
  • Timeliness: Filing date Feb 9, 2026; filing is timely relative to the reported Feb 5–7 transactions.

Context

  • This was not an open‑market sale or purchase; these entries reflect RSU conversions/vestings and routine tax withholding (a common, administrative action when awards settle). The derivative "exercise/conversion" entries show settlement of equity awards rather than option purchases with cash outlay. No inference about insider sentiment should be drawn from tax-withholding disposals.