MITCHELL MAX H 4

What Happened Max H. Mitchell, Chairman, President and CEO of Crane Co (CR), had previously granted Restricted Share Units (RSUs) vest into 4,874 shares on Feb 6–7, 2026. Of those, 2,260 shares were withheld to satisfy tax withholding obligations: 1,038 shares withheld on Feb 6 at $187.78 each ($194,916) and 1,222 shares withheld on Feb 7 at $196.22 each ($239,781), totaling $434,697. The filing reports the RSU-to-stock conversions (derivative exercises) at $0 per share (conversion), and the withholding transactions as dispositions to cover taxes.

Key Details

• Transaction dates: Feb 6, 2026 and Feb 7, 2026.
• Conversions: 2,239 RSUs converted on Feb 6 and 2,635 RSUs converted on Feb 7 (total 4,874 shares acquired upon vesting).
• Tax withholding (dispositions): 1,038 shares @ $187.78 = $194,916 (Feb 6); 1,222 shares @ $196.22 = $239,781 (Feb 7); total withheld ≈ $434,697.
• Footnotes: These represent vesting of previously reported RSUs (F1, F2). RSUs convert one-for-one into common stock (F3) and vest ratably in four equal installments beginning on the first anniversary of the grant (F4).
• Shares owned after the transaction: not specified in the provided filing.
• Filing timeliness: Form 4 dated Feb 10, 2026 appears to be filed within the required two business days of the Feb 6–7 transactions.

Context

• Transaction codes: M = exercise/conversion of a derivative (here, RSUs converting into common stock); F = payment of exercise price or tax withholding (here, shares surrendered to cover taxes).
• This was not an open-market sale of shares for investment reasons but routine tax withholding tied to RSU vesting. Such withholdings are common and do not necessarily indicate a change in the insider’s view of the company.