MITCHELL MAX H 4

What Happened Max H. Mitchell, Chairman, President and CEO of Crane Co. (CR), had 2,260 previously granted restricted share units (RSUs) convert into common stock on 2026-02-12. The RSU conversion is recorded at $0.00 per share. To cover the tax liability on the vesting, 1,048 shares were withheld/disposed at an implicit value of $200.61 each, generating a tax-withholding value of $210,239. Net shares issued to Mitchell from this vesting were 1,212 (2,260 vested − 1,048 withheld). This was a routine equity compensation vesting event, not an open-market purchase or directional sale.

Key Details

• Transaction date: 2026-02-12; Form 4 filed 2026-02-17 (5 days later). Form 4s are generally due within 2 business days, so this filing appears delayed.
• Conversion/derivative code: M (exercise/conversion of derivative) — RSUs converted into 2,260 common shares at $0.00.
• Tax/payment code: F — 1,048 shares withheld to satisfy tax liability at $200.61 per share = $210,239.
• Net shares retained from the vesting: 1,212.
• Shares owned after the transaction: not stated in the provided filing excerpt.
• Footnotes: F1 indicates these were vesting of previously reported RSUs; F2 confirms RSUs convert one-for-one into common stock; F3 notes the RSUs vest ratably in four equal installments beginning on the first anniversary of the grant.

Context This transaction reflects a standard RSU vesting and share-withholding for taxes (a common form of "cashless" settlement). Withheld shares for tax purposes should not be interpreted as an open-market sale reflecting sentiment. The amount withheld (~$210k) simply covers tax obligations arising from the vesting.