Keayes Samuel 4

What Happened

• Samuel Keayes, Senior VP, Security & Authentication Technology at Crane NXT (CXT), had 813 restricted share units (RSUs) vest and convert into 813 common shares on May 3, 2026. To satisfy tax withholding, 383 of those shares were surrendered at $44.60 per share for a total withholding of $17,082. Net newly issued shares retained from this vesting: 430 shares.
• This was not an open-market purchase or sale by the insider but a routine vesting of compensation awards; the withholding of shares (code F) is a tax-related disposition.

Key Details

• Transaction date: May 3, 2026; Form 4 filed May 5, 2026 (appears timely).
• Conversion: 813 RSUs converted to 813 common shares (transaction code M for conversion/exercise).
• Tax withholding: 383 shares withheld/surrendered at $44.60/share = $17,082 (transaction code F).
• Net shares retained from this vesting: 430 shares (813 − 383).
• Footnotes: F1 = vesting of 813 previously reported RSUs; F2 = RSUs convert 1:1 into common stock; F3 = RSUs vest 25% per year over four years starting on the first anniversary of the grant.
• Filing shows conversion of the derivative RSU award (a separate line reports the RSU/derivative as disposed upon conversion).

Context

• RSU vesting and share withholding for taxes are routine compensation events and do not necessarily signal insider buying or selling intentions. The conversion (code M) reflects the RSU award ceasing to exist and common shares being issued; the withholding (code F) is effectively a cashless way to cover tax liability.