Feldman Jason D. 4

What Happened

• Jason D. Feldman, Senior Vice President, Investor Relations, Treasury & Tax at Crane Co., received three equity awards on Feb 9, 2026: 625 derivative units, 709 performance-based RSUs, and 313 restricted share units. All were granted at $0.00 per unit (award/grant), so no cash changed hands.
• The awards total 1,647 units. The 709 performance-based RSUs can pay out between 0 and 2.00 times the target (i.e., up to 1,418 shares if the maximum performance multiplier is achieved). The 313 restricted share units convert one-for-one into common stock and vest ratably over four years per the filing.

Key Details

• Transaction date: February 9, 2026; Form 4 filed February 11, 2026 (timely filing, within the usual two-business-day window).
• Grants and amounts: 625 units (derivative award) @ $0.00; 709 Performance-Based RSUs @ $0.00 (contingent payout 0–2.00x); 313 Restricted Share Units @ $0.00.
• Vesting/performance: Performance RSUs vest Dec 31, 2028 if performance targets are met and employment continues; time-based RSUs vest ratably in four equal installments beginning on the first anniversary of the grant.
• Shares owned after transaction: Not specified in the summary provided (check the full Form 4 for total holdings).
• Notable footnotes in the filing explain the performance multiplier and the time-based RSU conversion/vesting schedule. No 10b5-1 plan, tax-withholding sale, or gift code is indicated for these entries.

Context

• These are awards (grants of restricted and performance-based units), not open-market purchases or sales. Awards are commonly used for long-term retention and alignment with company performance; the performance RSUs will only convert to actual shares if performance goals are met and vesting conditions are satisfied.
• Because the performance RSUs can pay out at up to 2x, the eventual number of shares delivered from this grant could be higher than the 1,647 units reported today — but that depends entirely on future performance and continued employment.