Filing Details
- Accession Number:
- 0000025445-23-000056
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2023-02-08 18:23:33
- Reporting Period:
- 2023-02-06
- Accepted Time:
- 2023-02-08 18:23:33
- SEC Url:
- Form 4 Filing
Issuer
Cik | Name | Symbol | Sector (SIC) | IRS No |
---|---|---|---|---|
25445 | Crane Holdings Co. | CR | Miscellaneous Fabricated Metal Products (3490) | 880706021 |
Insiders
Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
---|---|---|---|---|---|---|---|
1772908 | F. Kurt Gallo | 100 First Stamford Place Stamford CT 06902 | Senior Vice President | No | Yes | No | No |
Reported Non-Derivative Transactions
Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|---|---|---|---|---|---|
Crane Holdings, Co. Common, Par Value $1.00 | Acquisiton | 2023-02-07 | 399 | $0.00 | 399 | No | 4 | M | Direct | |
Crane Holdings, Co. Common, Par Value $1.00 | Disposition | 2023-02-07 | 110 | $120.17 | 289 | No | 4 | F | Direct | |
Crane Holdings, Co. Common, Par Value $1.00 | Acquisiton | 2023-02-07 | 8,263 | $93.40 | 8,552 | No | 4 | M | Direct | |
Crane Holdings, Co. Common, Par Value $1.00 | Disposition | 2023-02-07 | 8,263 | $119.03 | 289 | No | 4 | S | Direct |
Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|
No | 4 | M | Direct | |
No | 4 | F | Direct | |
No | 4 | M | Direct | |
No | 4 | S | Direct |
Reported Derivative Transactions
Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
---|---|---|---|---|---|---|---|
Crane Holdings, Co. Common, Par Value $1.00 | 2023 Performance-Based Restricted Share Unit | Acquisiton | 2023-02-06 | 2,715 | $0.00 | 2,715 | $0.00 |
Crane Holdings, Co. Common, Par Value $1.00 | Employee Stock Option (Right to Buy) | Acquisiton | 2023-02-06 | 3,826 | $0.00 | 3,826 | $119.71 |
Crane Holdings, Co. Common, Par Value $1.00 | Restricted Share Unit | Acquisiton | 2023-02-06 | 1,357 | $0.00 | 1,357 | $0.00 |
Crane Holdings, Co. Common, Par Value $1.00 | Restricted Share Unit | Disposition | 2023-02-07 | 399 | $0.00 | 399 | $0.00 |
Crane Holdings, Co. Common, Par Value $1.00 | Employee Stock Option (Right to Buy) | Disposition | 2023-02-07 | 8,263 | $0.00 | 8,263 | $93.40 |
Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
---|---|---|---|---|---|---|
2,715 | No | 4 | A | Direct | ||
3,826 | 2033-02-06 | No | 4 | A | Direct | |
4,872 | No | 4 | A | Direct | ||
4,473 | No | 4 | M | Direct | ||
0 | 2028-01-29 | No | 4 | M | Direct |
Reported Non-Derivative Holdings
Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
---|---|---|---|
Crane Holdings, Co. Common, Par Value $1.00 | 28,008 | Indirect | By Kurt Gallo Living Trust |
Footnotes
- Represents vesting of 399 previously reported Restricted Share Units.
- Weighted average price at which shares were sold at prices ranging from $119.00 to $119.14. The reporting person undertakes to provide, upon request of the Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
- Each 2023 Performance-Based RSU represents a contingent right to receive a number of shares of Crane Holdings, Co. common stock between zero and 2.00.
- 2023 Performance-Based RSUs vest on December 31, 2025, if Crane Holdings, Co.'s common stock achieves certain performance criteria for each fiscal year over the three years ending December 31, 2025, and contingent on continued employment with Crane Holdings, Co., subject to certain exceptions.
- Options become exercisable 25% on the first anniversary, 50% on the second anniversary, 75% on the third anniversary and 100% on the fourth anniversary of the date of grant.
- Restricted Share Units convert into common stock on a one-for-one basis.
- Restricted Share Units vest ratably in four equal installments beginning on the first anniversary of the grant date.
- Restricted Share Units are forfeited if the recipient resigns, or employment is terminated, before it has been converted to common stock.
- The options were granted 1/29/2018 with a ten-year term and vested 25% each year over four years.