Papanikolaou Marijane V. 4

What Happened

• Marijane Papanikolaou, Vice President, Controller & CAO of Crane Co (CR), had 100 previously reported Restricted Share Units (RSUs) vest and convert into 100 shares on Feb 12, 2026. Of those, 47 shares were withheld to satisfy tax withholding at $200.61 per share for a total of $9,429. The remaining 53 shares were delivered to her.
• The Form 4 shows the RSU conversion as exercise/conversion of a derivative (code M) at $0.00 per share (typical for vested RSUs). A separate derivative "disposed" entry for 100 shares at $0.00 appears in the filing and does not reflect an open-market sale.

Key Details

• Transaction date: 2026-02-12
• Conversion: 100 RSUs → 100 common shares (code M) at $0.00 (vesting/conversion)
• Tax withholding: 47 shares withheld (code F) at $200.61/share = $9,429
• Net shares received by insider: 53 shares (100 vested − 47 withheld)
• Footnotes: F1 = vesting of 100 previously reported RSUs; F2 = RSUs convert 1-for-1 to common stock; F3 = RSUs vest ratably in four equal installments starting on first anniversary of grant
• Filing timeliness: Form filed 2026-02-17 for a 2026-02-12 transaction (filed one business day late; Form 4s are generally due within two business days)

Context

• RSU vesting and share-withholding for taxes are routine compensation events and are different from an open‑market sale or a purchase. The withholding (code F) is used to cover the insider’s tax liability and does not necessarily indicate a change in market sentiment.