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Filing Details

Accession Number:: 0000025445-23-000122
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2023-11-29 16:44:53
Reporting Period:: 2023-11-27

Accepted Time:: 2023-11-29 16:44:53
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
25445	Crane Nxt Co.	CXT	Miscellaneous Fabricated Metal Products (3490)	880706021

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1283695	H Max Mitchell	950 Winter Street 4Th Floor Waltham MA 02451		Yes	No	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2023-11-27	34,691	$35.06	357,319	No	4	M	Direct
Common Stock	Disposition	2023-11-27	34,691	$52.20	322,628	No	4	S	Direct
Common Stock	Acquisiton	2023-11-28	21,502	$35.06	344,130	No	4	M	Direct
Common Stock	Disposition	2023-11-28	21,502	$51.42	322,628	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	S	Direct
No	4	M	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Employee Stock Option (Right to Buy)	Disposition	2023-11-27	34,691	$0.00	34,691	$35.06
Common Stock	Employee Stock Option (Right to Buy)	Disposition	2023-11-28	21,502	$0.00	21,502	$35.06

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
48,502		2028-01-29	No	4	M	Direct
27,000		2028-01-29	No	4	M	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	2,939	Indirect	401(K)

Footnotes

Mr. Mitchell exercised and sold 34,691 stock options at a weighted average price of $52.20 to better diversify his investment portfolio, which is largely comprised of Crane NXT stock. Following this exercise and sale, Mr. Mitchell's direct ownership level remains unchanged at 322,628 shares of Crane NXT stock.
Weighted average price at which shares were sold at prices ranging from $52.07 to $52.31. 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.
The Company's stock ownership guidelines for non-employee directors require Mr. Mitchell to maintain a minimum ownership level of at least five times the cash portion of his annual retainer received as a director. After giving effect to the exercise and sale, Mr. Mitchell continues to beneficially own more than 100 times the cash portion of his annual retainer in issuer stock.
Mr. Mitchell exercised and sold 21,502 stock options at a price of $51.42 to better diversify his investment portfolio, which is largely comprised of Crane NXT stock. Following this exercise and sale, Mr. Mitchell's direct ownership level remains unchanged at 322,628 shares of Crane NXT stock.
Pursuant to the terms of the spin-off of Crane Company from the issuer on April 3, 2023 (the "Separation"), the exercise price of all employee stock options issued by the issuer that were held by employees of the issuer, including the reporting person, and outstanding immediately prior to the consummation of the Separation, were adjusted. The adjustment was intended to maintain the intrinsic value of the employee stock option of the issuer immediately before and after the consummation of the Separation. This exercise price reflects such adjustment.
The options were granted 1/29/2018 with a ten-year term and vested 25% each year over four years.