Filing Details
- Accession Number:
- 0001944013-23-000004
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2023-05-16 17:34:15
- Reporting Period:
- 2023-05-15
- Accepted Time:
- 2023-05-16 17:34:15
- SEC Url:
- Form 4 Filing
Issuer
Insiders
Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
---|---|---|---|---|---|---|---|
1283695 | H Max Mitchell | 100 First Stamford Place Stamford CT 06902-6784 | President And Ceo | Yes | 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 |
---|---|---|---|---|---|---|---|---|---|---|
Common Stock | Disposition | 2023-05-15 | 37,295 | $76.48 | 322,828 | No | 4 | S | Direct | |
Common Stock | Disposition | 2023-05-15 | 200 | $76.81 | 322,628 | No | 4 | S | Direct |
Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|
No | 4 | S | Direct | |
No | 4 | S | Direct |
Reported Non-Derivative Holdings
Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
---|---|---|---|
Common Stock | 2,939 | Indirect | 401(K) |
Footnotes
- Mr. Mitchell sold 37,495 of his directly owned shares to support the purchase of a new home. Following this sale, Mr. Mitchell directly owns 322,628 shares.
- Weighted average price at which shares were sold at prices ranging from $75.80 to $76.80. 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.
- Includes 360,123 shares received by the reporting person in a pro rata distribution by Crane Holdings, Co. ("Holdings") in connection with the spin-off of the issuer from Holdings on April 3, 2023.
- The Company's stock ownership guidelines require Mr. Mitchell to maintain a minimum ownership level of 6x his base salary as President and Chief Executive Officer. After giving effect to the sale, Mr. Mitchell continues to beneficially own more than 20x his base salary in Company shares.