Crane Co (CR) Director Charles McClure Receives Award of 874 RSUs

What Happened

• Charles G. McClure, a director of Crane Co (CR), was granted 874 restricted share units (RSUs) on 2026-04-27. The Form 4 reports the acquisition price as $0.00 (typical for RSU awards); reported value at grant is $0 on the filing. These RSUs are a derivative award that will convert into common stock on a one-for-one basis when they vest.

Key Details

• Transaction date: 2026-04-27; Form 4 filed 2026-04-29 (timely within the usual two-business-day window).
• Transaction type/code: A (award/grant); derivative RSUs acquired: 874 shares at $0.00.
• Shares owned after transaction: not disclosed on the filing.
• Footnote highlights:
  • F1: RSUs convert to common stock 1-for-1.
  • F2: RSUs vest on the earlier of the first anniversary of the grant date or the next annual meeting, subject to continued board service; unvested RSUs are forfeited on termination except for death or change in control.
• No tax-withholding or sale reported in this filing.

Context

• RSUs are a common form of director compensation and represent a promise to deliver shares later rather than an immediate cash purchase or sale. Reporting $0.00 at grant reflects that no cash was paid to acquire these units; value is realized if and when they vest and convert to shares. This grant is a compensation/award event, not an indicator of an open-market purchase or sale.