Benck Jeff 4

What Happened

• Jeff Benck, a member of the Crane NXT (CXT) board of directors, received a grant of 4,837 deferred stock units (DSUs) on May 21, 2026. The units were issued at $0.00 per unit (no cash exchanged) and are recorded as a derivative award; reported value at grant is $0.

Key Details

• Transaction type: Award/Grant (code A) — 4,837 Deferred Stock Units
• Transaction date: 2026-05-21; Form 4 filed: 2026-05-26
• Price: $0.00 per unit; total immediate cash value reported: $0
• Shares owned after transaction: Not specified in the filing
• Footnotes: DSUs convert one-for-one into Crane NXT common stock upon separation from board service (F1). DSUs are forfeited if service ends before the one-year anniversary of the grant, except in cases of death or a change in control (F2).
• Timeliness: Filing was submitted five days after the transaction date (filed 2026-05-26 for a 2026-05-21 grant), which appears late relative to the typical two-business-day Form 4 deadline.

Context

• This was an equity award for board service (common director compensation), not an open-market purchase or sale. Awards like DSUs do not necessarily signal immediate bullish or bearish insider sentiment because they are typically part of regular compensation and vesting is contingent on continued service.