MITCHELL MAX H 4

What Happened Max H. Mitchell, Chairman, President and CEO of Crane Co (CR), had 1,801 restricted share units (RSUs) vest on February 10, 2026. The RSUs converted one-for-one into 1,801 common shares (reported as derivative conversion). To satisfy tax withholding, 835 of those shares were surrendered/sold at $199.99 per share for approximately $166,992, leaving a net of 966 shares retained (net value ≈ $193,190 based on $199.99/share). The total value of the vested shares at that price was about $360,182.

Key Details

• Transaction date: 2026-02-10; Form 4 filed 2026-02-12 (filed within standard 2-business-day window).
• Conversion: 1,801 RSUs converted into 1,801 shares (code M — derivative conversion).
• Tax withholding: 835 shares withheld/disposed at $199.99 each (code F — tax/payment), value reported ~$166,992.
• Net shares received: 966 shares (1,801 − 835), net value ≈ $193,190 at $199.99/share.
• Footnotes: F1 = vesting of 1,801 previously reported RSUs; F2 = RSUs convert one-for-one into common stock; F3 = RSUs vest ratably in four equal installments beginning on the first anniversary of the grant date.
• Shares owned after transaction: not specified in the provided filing excerpt.

Context This was a routine RSU vesting event with share withholding to cover tax obligations (a common "cashless" treatment), not an open-market purchase or voluntary sale by the insider. Vesting events reflect previously granted compensation and do not by themselves indicate a change in the insider’s market view.