Crane Co·4

Jan 28, 4:53 PM ET

Polmanteer Tamara S. 4

Research Summary

AI-generated summary

Updated

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.