0000025445-23-000128.txt : 20231201
0000025445-23-000128.hdr.sgml : 20231201
20231201162224
ACCESSION NUMBER: 0000025445-23-000128
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20231129
FILED AS OF DATE: 20231201
DATE AS OF CHANGE: 20231201
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: MITCHELL MAX H
CENTRAL INDEX KEY: 0001283695
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-01657
FILM NUMBER: 231459849
MAIL ADDRESS:
STREET 1: CRANE CO
STREET 2: 100 FIRST STAMFORD PLACE
CITY: STAMFORD
STATE: CT
ZIP: 06902
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Crane NXT, Co.
CENTRAL INDEX KEY: 0000025445
STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS FABRICATED METAL PRODUCTS [3490]
IRS NUMBER: 880706021
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: CRANE NXT, CO.
STREET 2: 950 WINTER STREET, 4TH FLOOR
CITY: WALTHAM
STATE: MA
ZIP: 02451
BUSINESS PHONE: 203-363-7300
MAIL ADDRESS:
STREET 1: CRANE NXT, CO.
STREET 2: 950 WINTER STREET, 4TH FLOOR
CITY: WALTHAM
STATE: MA
ZIP: 02451
FORMER COMPANY:
FORMER CONFORMED NAME: Crane Holdings, Co.
DATE OF NAME CHANGE: 20220527
FORMER COMPANY:
FORMER CONFORMED NAME: CRANE CO /DE/
DATE OF NAME CHANGE: 19920703
4
1
wk-form4_1701465734.xml
FORM 4
X0508
4
2023-11-29
0
0000025445
Crane NXT, Co.
CXT
0001283695
MITCHELL MAX H
950 WINTER STREET 4TH FLOOR
WALTHAM
MA
02451
1
0
0
0
0
COMMON STOCK
2023-11-29
4
M
0
5282
35.06
A
327910
D
COMMON STOCK
2023-11-29
4
S
0
5282
51
D
322628
D
COMMON STOCK
2939
I
401(K)
Employee Stock Option (Right to Buy)
35.06
2023-11-29
4
M
0
5282
0
D
2028-01-29
COMMON STOCK
5282
21718
D
Mr. Mitchell exercised and sold 5,282 stock options at a price of $51.00 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.
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.
The options were granted 1/29/2018 with a ten-year term and vested 25% each year over four years.
/s/ Paul G. Igoe, Attorney-in-Fact
2023-12-01