Salay Jeffrey 4
4 · CRAWFORD UNITED Corp · Filed Feb 6, 2026
Research Summary
AI-generated summary of this filing
Crawford United (CRAWA) CFO Jeffrey Salay Disposes 2,625 Shares
What Happened Jeffrey Salay, Vice President and CFO of Crawford United Corporation, reported a disposition of 2,625 common shares on February 6, 2026. The shares were surrendered to the issuer as part of a merger; each share was converted into cash at $83.8636 per share, for a gross total of approximately $220,141.95 (net proceeds may be lower after applicable withholding taxes). This was a disposition tied to the merger consideration, not an open-market sale or a new purchase.
Key Details
- Transaction date: 2026-02-06 (filed the same day).
- Transaction type/code: Disposition to issuer (D) — shares converted in the merger.
- Price per share: $83.8636; gross proceeds ≈ $220,141.95 for 2,625 shares.
- Shares owned after transaction: Not specified in this filing.
- Footnote: The payment resulted from the Merger Agreement dated Dec 5, 2025 — each outstanding common share was converted into the right to receive $83.8636 per share, net of withholding.
- Timeliness: Filing appears timely (transaction and report dated the same day).
Context This disposition reflects receipt of merger consideration (cash-out) under the SPX Enterprises merger, not a discretionary sale on the open market. Such merger-related conversions are routine when a company is acquired and do not by themselves indicate insider sentiment about the company’s future performance.
Insider Transaction Report
- Disposition to Issuer
Class A Common Shares
[F1]2026-02-06−2,625→ 0 total
Footnotes (1)
- [F1]Pursuant to the Agreement and Plan of Merger dated December 5, 2025 (the "Merger Agreement"), by and among SPX Enterprises, LLC, a Delaware limited liability company ("Parent"), Project King Acquisition, Inc., an Ohio corporation and a wholly owned subsidiary of Parent ("Merger Sub"), and Crawford United Corporation, an Ohio corporation (the "Company"), the Merger Sub merged with and into the Company, with the Company continuing as the surviving corporation and a wholly owned subsidiary of the Parent (the "Merger"). At the effective time of the Merger, each issued and outstanding common share of the Company was converted automatically into the right to receive cash in an amount equal to $83.8636 per share without interest, net of all applicable withholding taxes.