Saak Aaron W 4
Research Summary
AI-generated summary
Crane NXT CEO Saak Aaron W Receives 5,563 Shares (Vesting)
What Happened
- Saak Aaron W, CEO and Director of Crane NXT, had 5,563 previously granted Restricted Share Units (RSUs) vest on 2026-02-06. The RSUs converted into common stock on a one-for-one basis.
- Of the 5,563 vested shares, 1,937 were surrendered/withheld to cover tax obligations at $52.95 per share (total withheld $102,564). Net shares received by the insider: 3,626.
- The total market value of the vested shares was about $294,561 (5,563 × $52.95); the net retained shares are worth roughly $191,997 (3,626 × $52.95). This filing reflects receipt of an award and a routine tax-withholding disposition, not an open-market sale.
Key Details
- Transaction date: 2026-02-06; Form 4 filed 2026-02-09 (appears timely).
- Transaction codes: M = conversion/exercise of derivative (RSU conversion); F = shares surrendered/withheld to satisfy tax withholding.
- Shares acquired (vested/converted): 5,563 at $0 exercise price (RSU conversion). Shares disposed for tax withholding: 1,937 at $52.95 (proceeds/value $102,564).
- Net change to insider’s holdings from this event: +3,626 shares (file does not state total shares owned after the transaction).
- Footnotes: F1 — vesting of 5,563 previously reported RSUs; F2 — RSUs convert 1-for-1 to common stock; F3 — RSUs vest 25% per year over four years starting one year after grant.
Context
- This was a vesting of RSUs with share withholding for taxes (common, routine) — not an open-market sale or intentional liquidity event. For retail investors, RSU vesting is generally administrative and not a clear bullish/bearish signal on its own.