Crane NXT, Co.·4

Feb 27, 9:42 PM ET

Saak Aaron W 4

Research Summary

AI-generated summary

Updated

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.