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
  1. Represents vesting of 399 previously reported Restricted Share Units.
  2. 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.
  3. 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.
  4. 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.
  5. 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.
  6. Restricted Share Units convert into common stock on a one-for-one basis.
  7. Restricted Share Units vest ratably in four equal installments beginning on the first anniversary of the grant date.
  8. Restricted Share Units are forfeited if the recipient resigns, or employment is terminated, before it has been converted to common stock.
  9. The options were granted 1/29/2018 with a ten-year term and vested 25% each year over four years.