MITCHELL MAX H 4

4 · Crane Co · Filed Feb 11, 2026

AI-generated summary of this filing

Updated Feb 11, 2026

Crane (CR) CEO Max H. Mitchell Receives Equity Awards

What Happened

Max H. Mitchell, Chairman, President and CEO of Crane Co. (CR), was granted three equity awards on Feb 9, 2026 totaling 21,407 share‑equivalents: 8,938; 9,219; and 3,250 units. The reported acquisition price for each award is $0.00 (these are compensation awards/derivative grants, not open‑market purchases), so the immediate cash outlay reported is $0.

Key Details

Transaction date: Feb 9, 2026; Form 4 filed Feb 11, 2026 (appears timely).
Grants: 8,938; 9,219; and 3,250 share‑equivalents (total 21,407).
Reported price/value on the Form 4: $0.00 (award/derivative grants).
Shares owned after transaction: not provided in the information supplied.
No 10b5‑1 trading plan, tax‑withholding sale, or open‑market trade noted in the supplied details.
Relevant footnotes from the filing:
- F1/F2: 2026 performance‑based RSUs pay out contingent on performance; each may convert to between 0 and 2.00 shares and vest based on multi‑year performance through Dec 31, 2028, plus continued employment conditions.
- F3: Any option awards referenced become exercisable 25% on each anniversary over four years (25/50/75/100% schedule).
- F4: Restricted Share Units convert to common stock on a one‑for‑one basis.
- F5: Time‑based RSUs vest ratably in four equal installments beginning on the first anniversary of grant.
Filing accession: 0001944013-26-000061 (period of report: 2026-02-09).

Context

These are equity compensation grants (awards), not open‑market buys or sales. Performance‑based RSUs have contingent payout ranges and a multi‑year vesting/performance schedule, so the eventual number of shares and realized value depend on meeting performance targets and continued employment. Time‑based RSUs typically vest over four years and convert 1:1 to shares when vested. Such awards are routine executive compensation and do not by themselves indicate an immediate insider view to buy or sell stock.

Form 4

Period: 2026-02-09

DirectorChairman, President and CEO

Transactions

Award
2026 Performance-Based RSU
[F1][F2]
2026-02-09+8,938→ 8,938 total
→ Common Stock (8,938 underlying)
Award
Employee Stock Option (Right to Buy)
[F3]
2026-02-09+9,219→ 9,219 total
Exercise: $199.99Exp: 2036-02-09→ Common Stock (9,219 underlying)
Award
Restricted Share Unit
[F4][F5]
2026-02-09+3,250→ 19,473 total
→ Common Stock (3,250 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.

Signature

/s/ Attorney In Fact, Anthony M. D'Iorio|2026-02-11

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