MITCHELL MAX H 4

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.