BENANTE MARTIN R 4

What Happened Martin R. Benante, a director of Crane Co. (CR), was granted a total of 1,053 equity units on April 27, 2026: 49 fully vested common shares and 1,004 restricted share units (RSUs). The Form 4 lists these as acquisitions at $0.00 per share (typical for compensation awards). The 1,004 RSUs are derivative awards that convert into one common share each when they vest.

Key Details

• Transaction date: April 27, 2026; Form 4 filed April 29, 2026 (appears timely).
• Amounts: 49 common shares (issued as elected payment of board retainer) + 1,004 RSUs (derivative award) = 1,053 total. Reported price: $0.00 (non-cash award).
• RSU conversion: RSUs convert one-for-one into common stock (Footnote F2).
• Vesting: RSUs vest on the earlier of the first anniversary of the grant or the next annual meeting, subject to continued board service; unvested units are forfeited on termination except for death or a change in control (Footnote F3).
• Why 49 shares: Reported as the director’s election to receive a portion of cash retainer in fully vested shares (Footnote F1).
• Shares owned after transaction: Not specified in the filing.

Context These were compensation awards to a director, not open-market purchases or sales. RSUs are derivative grants that only become actual shares when they vest, so they do not represent an immediate cash purchase or sale. Director equity grants are common as part of board pay and should be viewed as routine compensation rather than a direct market-confidence signal.