Saak Aaron W 4
4 · Crane NXT, Co. · Filed Feb 27, 2026
Research Summary
AI-generated summary of this filing
Crane NXT (CXT) CEO Aaron W. Saak Receives Equity Awards
What Happened
Aaron W. Saak, Chief Executive Officer and Director of Crane NXT (CXT), was granted three equity awards on February 25, 2026 totaling 135,167 derivative shares: 61,667, 53,900 and 19,600 units, all reported at $0.00 (grant/award transactions). No cash was paid — these are derivative awards (options and/or restricted share units) rather than open-market purchases or sales.
Key Details
- Transaction date: 2026-02-25; Form 4 filed: 2026-02-27 (appears within the standard 2-business-day reporting window).
- Grants reported at $0.00 per unit; aggregate reported cash value = $0 (these are compensatory awards).
- Shares owned after the grants: not provided in the supplied data.
- Footnotes summarize award terms: options (25% vest each year over 4 years), performance-based RSUs (each may convert into 0–2 shares, vesting only if multi-year performance targets are met through 12/31/2028), one-for-one RSU conversion, and time-based RSUs vesting 25% per year.
- No sale, purchase, cashless exercise, or tax-withholding disposition is reported in the provided items.
Context
These are grants of equity-linked compensation (options and performance/time-based RSUs), which are common for executive pay. Performance RSUs are contingent on meeting specified share-price or other performance criteria and may pay out between 0 and 2 shares per unit; time-based awards vest over multiple years. Because these are awards (not open-market purchases or sales), they indicate compensation granting rather than an immediate insider directional bet on the stock.
Insider Transaction Report
- Award
Employee Stock Option (Right to Buy)
[F1]2026-02-25+61,667→ 61,667 totalExercise: $51.02Exp: 2036-02-25→ COMMON STOCK (61,667 underlying) - Award
2026 Performance-Based Restricted Share Unit
[F2][F3]2026-02-25+53,900→ 53,900 total→ COMMON STOCK (53,900 underlying) - Award
Restricted Share Unit
[F4][F5]2026-02-25+19,600→ 66,959 total→ COMMON STOCK (19,600 underlying)
Footnotes (5)
- [F1]Options become exercisable 25% per year over four years beginning on the first anniversary of the date of grant.
- [F2]Each 2026 Performance-Based Restricted Share Unit (RSU) represents a contingent right to receive a number of shares of issuer common stock between 0 and 2.00.
- [F3]2026 Performance-Based RSUs vest on December 31, 2028, if issuer's common stock achieves certain performance criteria for each fiscal year over the three years ending December 31, 2028, and contingent on continued employment with issuer, subject to certain exceptions.
- [F4]Restricted Share Units convert into common stock on a one-for-one basis.
- [F5]Restricted Share Units vest 25% per year over four years beginning on the first anniversary of the grant date.