PETRATIS DAVID D 4
Research Summary
AI-generated summary
Crane NXT (CXT) Director David Petratis Receives Stock Award
What Happened
- David D. Petratis, a director of Crane NXT, was awarded deferred stock units (derivative awards) on May 21, 2026. He received 5,243 DSUs and an additional 131 DSUs (total 5,374 DSUs) at $0.00 per unit. These are awards (code A) rather than open-market purchases or sales and carry no immediate cash cost.
Key Details
- Transaction date: 2026-05-21; Form 4 filed 2026-05-26.
- Award details: 5,243 DSUs + 131 DSUs; price reported $0.00 per unit.
- Total units awarded: 5,374 Deferred Stock Units.
- Shares owned after transaction: not disclosed in this filing.
- Footnotes:
- F1: DSUs convert one-for-one into Crane NXT common stock upon separation from board service.
- F2: DSUs are forfeited if service ends before the one-year anniversary of the grant, unless due to death or a change in control.
- F3: The 131-unit tranche represents Deferred Stock Unit dividends accumulated during the year.
- Filing timing: the Form 4 was filed five days after the grant date; Form 4s are generally required within two business days of a transaction.
Context
- These are deferred/derivative awards, meaning they are a promise to issue shares later (upon separation) rather than immediate share ownership or a market purchase. Such awards are common for non-employee directors as part of compensation and don’t necessarily signal near-term buying or selling activity.