Alcala Alejandro 4

What Happened

• Alejandro Alcala, Executive Vice President & Chief Operating Officer of Crane Co (CR), converted 2023 performance-based RSUs into 4,349 shares of Crane common stock on January 26, 2026. To satisfy tax withholding, 1,745 shares were withheld/treated as disposed at $202.24 per share, totaling $352,909. The conversion was reported as an exercise/conversion of a derivative (code M) and the tax withholding is reported under code F.
• Net shares retained from the conversion: 4,349 acquired − 1,745 withheld = 2,604 shares. The filing does not disclose Alcala’s total post-transaction holdings.

Key Details

• Transaction date: January 26, 2026; Form 4 filed January 28, 2026 (filed within the normal reporting window).
• Conversion: 3,133 performance-based RSUs were converted (reported as a derivative disposal) into 4,349 common shares (code M).
• Tax withholding: 1,745 shares were surrendered/withheld to cover taxes at $202.24/share for $352,909 (code F).
• Footnote: Each 2023 Performance-Based RSU converted into the right to receive 1.388 shares of common stock on Jan 26, 2026 (3,133 RSUs × 1.388 ≈ 4,349 shares).
• Filing does not show total shares owned after the transaction; net new shares from this event = 2,604.

Context

• This was a conversion/vesting of performance-based restricted stock units (not an open-market buy or voluntary sale). The withholding of shares to cover taxes is a routine settlement method (similar to a cashless exercise) and is common after RSU vesting—generally not interpreted as a directional "sell" signal about the company.
• Transaction codes: M = exercise/conversion of derivative award; F = payment of exercise price or tax liability (share withholding). The filing appears timely based on the dates provided.