Shardelow Bianca B. 4

What Happened

• Bianca B. Shardelow, Vice President, Controller & Chief Accounting Officer of Crane NXT (CXT), was granted a total of 5,677 derivative awards on February 25, 2026. The awards consist of three grant items: 2,590 option-like awards, 2,058 performance-based restricted share units (RSUs), and 1,029 time-based RSUs. All grants were recorded at $0 (typical for compensatory equity awards) and are classified as awards/grants rather than open-market purchases or sales.

Key Details

• Transaction date: February 25, 2026; Form 4 filed February 27, 2026 (appears timely).
• Grant breakdown: 2,590 (options/derivative), 2,058 (performance RSUs), 1,029 (time-based RSUs); total = 5,677 units.
• Prices/values: reported at $0 (compensatory grants — no cash exchanged).
• Vesting/conversion notes:
  • Options (2,590): vest 25% per year over four years beginning on the first anniversary of the grant (F1).
  • Performance RSUs (2,058): each represents a contingent right to receive 0 to 2.00 shares depending on performance; vesting contingent on multi-year performance and continued employment, with vest date Dec 31, 2028 if targets met (F2, F3).
  • Time-based RSUs (1,029): convert 1-for-1 into common stock and vest 25% per year over four years starting on the first anniversary (F4, F5).
• Shares owned after transaction: not specified in the data provided.
• Filing status: not indicated as late (filed two days after the reported transaction).

Context

• These are standard executive compensation awards (derivatives and RSUs). Performance RSUs pay out only if specified performance goals are met (0–2x payout scale), while time-based RSUs and the options vest over multi-year schedules. Grants at $0 are routine and reflect compensation rather than an open-market investment by the insider.