Polmanteer Tamara S. 4
4 · Crane Co · Filed Feb 11, 2026
Research Summary
AI-generated summary of this filing
Crane (CR) Exec VP Tamara Polmanteer Receives Equity Award
What Happened
Tamara S. Polmanteer, Executive Vice President & Chief Human Resources Officer of Crane Co (CR), received three equity awards on February 9, 2026 totaling 3,952 derivative units (1,500; 1,702; 750). The awards were granted at $0 per unit (reported acquisition value $0) and are structured as a mix of performance-based and time‑based restricted share units rather than an open‑market purchase.
Key Details
- Transaction date: 2026-02-09 (Form 4 filed 2026-02-11; filing appears timely).
- Reported consideration: $0 (these are grants/awards, not cash purchases).
- Total units granted: 3,952 (1,500 + 1,702 + 750). Reported as derivative awards (RSUs/PSUs).
- Ownership after transaction: not disclosed in this filing.
- Notable footnotes from the filing:
- F1/F2: 2026 Performance‑Based RSUs may convert to between 0 and 2.00 shares each depending on multi‑year performance and vest only if performance targets are met and employment continues (vesting date referenced: Dec 31, 2028).
- F4/F5: Time‑based Restricted Share Units convert 1:1 to common stock and vest ratably in four equal installments beginning on the first anniversary of the grant.
- F3 (plan note): describes typical option vesting schedules but does not directly apply to these RSU/PSU grants.
- Transaction type code: "A" = award/grant.
Context
These are compensation awards (derivative grants) and do not represent an immediate cash purchase or sale of Crane stock. Performance‑based RSUs are contingent on future company performance and continued employment, so actual future shares received could be zero up to a multiple (per F1). Time‑based RSUs convert one‑for‑one and vest over four years, signaling retention incentives rather than an immediate insider market position change.
Insider Transaction Report
- Award
2026 Performance-Based RSU
[F1][F2]2026-02-09+1,500→ 1,500 total→ Common Stock (1,500 underlying) - Award
Employee Stock Option (Right to Buy)
[F3]2026-02-09+1,702→ 1,702 totalExercise: $199.99Exp: 2036-02-09→ Common Stock (1,702 underlying) - Award
Restricted Share Unit
[F4][F5]2026-02-09+750→ 2,903 total→ Common Stock (750 underlying)
Footnotes (5)
- [F1]Each 2026 Performance-Based RSU represents a contingent right to receive a number of shares of Crane Company common stock between zero and 2.00.
- [F2]2026 Performance-Based RSUs vest on December 31, 2028, if Crane Company's common stock achieves certain performance criteria for each fiscal year over the three years ending December 31, 2028, and contingent on continued employment with Crane Company, subject to certain exceptions.
- [F3]Options become exercisable 25% on the first anniversary, 50% on the second anniversary, 75% on the third anniversary and 100% on the fourth anniversary of the date of grant.
- [F4]Restricted Share Units convert into common stock on a one-for-one basis.
- [F5]Restricted Share Units vest ratably in four equal installments beginning on the first anniversary of the grant date.