Polmanteer Tamara S. 4
Research Summary
AI-generated summary
Crane (CR) CHRO Tamara Polmanteer Exercises RSUs, Sells Shares
What Happened
- Tamara S. Polmanteer, Executive Vice President & CHRO of Crane Co (CR), had 2023 performance-based RSUs convert into common stock on January 26, 2026. The filing reports 5,984 shares resulting from the conversion (two derivative conversion entries) and a withholding sale of 1,653 shares to satisfy tax liabilities, generating $337,609.
- Transactions reported: conversion/exercise of derivative awards (code M) for 3,478 shares (acquired) and 2,506 shares (reported as derivative disposition in the filing), and a tax-withholding disposal (code F) of 1,653 shares at $204.24 per share for $337,609. This is a routine tax-withholding sale rather than an open-market investment decision.
Key Details
- Transaction date: January 26, 2026; Form 4 filed January 28, 2026 (timely).
- Reported amounts: 3,478 shares (M, acquired); 1,653 shares sold/withheld at $204.24 each for $337,609 (F); 2,506 shares (M, reported as disposed at $0.00 in the filing).
- Footnote: Each 2023 Performance-Based RSU converted into the right to receive 1.388 shares of Crane common stock (footnote F1).
- Shares owned after the transactions: not specified in this filing.
- Transaction codes explained: M = exercise/conversion of derivative (here, RSU settlement); F = shares withheld/sold to cover tax obligations.
Context
- This appears to be a standard RSU settlement with a portion of shares withheld/sold to cover taxes (a common, administrative action), not an opportunistic open-market sale or new purchase signal. For retail investors, tax-withholding disposals generally do not imply a change in insider sentiment about the company.