Crane NXT (CXT) Director William K. Grogan Receives DSU Award

What Happened William K. Grogan, a director of Crane NXT, Co. (CXT), was granted two awards on 2026-05-21 totaling 6,366 deferred stock units (DSUs) and 126 additional DSUs attributed to accumulated dividends. Both awards were reported at $0.00 per unit (derivative security), meaning no cash was paid by Mr. Grogan. The grants are reported as award/grant (transaction code A) rather than purchases or sales.

Key Details

• Transaction date: 2026-05-21; Form 4 filed: 2026-05-26.
• Awards: 6,366 DSUs and 126 DSUs (dividend-accumulated DSUs), $0.00 per unit (derivative).
• Shares owned after transaction: not specified in the filing.
• Footnotes from the filing:
  • F1: DSUs convert one-for-one into Crane NXT common stock upon the director’s separation from the board.
  • F2: DSUs are forfeited if service ends before the one-year anniversary of the grant, unless termination is due to death or a change in control.
  • F3: The 126 units represent Deferred Stock Unit dividends accumulated during the year.
• This is an award of deferred stock units (compensation), not an open-market buy or sale.

Context DSUs are a common form of director compensation and generally do not represent immediately tradable shares; they typically convert to common stock only upon separation from service, so these awards should be viewed as deferred compensation rather than an active buy/sell signal. No cash changed hands and the filing does not indicate any immediate sale of underlying shares. The Form 4 filing date is 2026-05-26 for a 2026-05-21 grant (filing appears tied to normal reporting timing).