0001944013-23-000015.txt : 20231129
0001944013-23-000015.hdr.sgml : 20231129
20231129171930
ACCESSION NUMBER: 0001944013-23-000015
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20231127
FILED AS OF DATE: 20231129
DATE AS OF CHANGE: 20231129
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: 001-41570
FILM NUMBER: 231453339
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 Co
CENTRAL INDEX KEY: 0001944013
STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS FABRICATED METAL PRODUCTS [3490]
IRS NUMBER: 882846451
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 100 FIRST STAMFORD PLACE
CITY: STAMFORD
STATE: CT
ZIP: 06902
BUSINESS PHONE: (203) 363-7300
MAIL ADDRESS:
STREET 1: 100 FIRST STAMFORD PLACE
CITY: STAMFORD
STATE: CT
ZIP: 06902
4
1
wk-form4_1701296355.xml
FORM 4
X0508
4
2023-11-27
0
0001944013
Crane Co
CR
0001283695
MITCHELL MAX H
100 FIRST STAMFORD PLACE
STAMFORD
CT
06902-6784
1
1
0
0
President and CEO
0
Common Stock
2023-11-27
4
M
0
34691
64.86
A
357319
D
Common Stock
2023-11-28
4
M
0
22542
64.86
A
379861
D
Common Stock
2023-11-27
4
S
0
15136
108.25
D
364725
D
Common Stock
2023-11-27
4
S
0
19555
109.62
D
345170
D
Common Stock
2023-11-28
4
S
0
11257
104.40
D
333913
D
Common Stock
2023-11-28
4
S
0
1743
105.67
D
332170
D
Common Stock
2023-11-28
4
S
0
1337
106.77
D
330833
D
Common Stock
2023-11-28
4
S
0
585
107.57
D
330248
D
Common Stock
2023-11-28
4
S
0
5467
109.40
D
324781
D
Common Stock
2023-11-28
4
S
0
2153
109.79
D
322628
D
Common Stock
2952
I
401(K)
Employee Stock Option (Right to Buy)
64.86
2023-11-27
4
M
0
34691
0
D
2028-01-29
CRANE CO. COMMON, PAR VALUE $1.00
34691
48502
D
Employee Stock Option (Right to Buy)
64.86
2023-11-28
4
M
0
22542
0
D
2028-01-29
CRANE CO. COMMON, PAR VALUE $1.00
22542
25960
D
Mr. Mitchell exercised and sold 57,233 stock options to better diversify his investment portfolio, which is largely comprised of Crane Company stock. Following this exercise and sale, Mr. Mitchell's direct ownership level remains unchanged at 322,628 shares of Crane Company stock.
Weighted average price at which shares were sold at prices ranging from $107.76 to $108.48. 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.
Weighted average price at which shares were sold at prices ranging from $109.14 to $110.11. 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.
Weighted average price at which shares were sold at prices ranging from $104.08 to $104.76. 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.
Weighted average price at which shares were sold at prices ranging from $105.22 to $106.05. 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.
Weighted average price at which shares were sold at prices ranging from $106.28 to $107.25. 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.
Weighted average price at which shares were sold at prices ranging from $107.31 to $108.16. 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.
Weighted average price at which shares were sold at prices ranging from $108.67 to $109.66. 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.
Weighted average price at which shares were sold at prices ranging from $109.67 to $110.12. 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 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 exercise and sale, Mr. Mitchell continues to beneficially own more than 20x his base salary in Company shares.
The options were granted 1/29/2018 with a ten-year term and vested 25% each year over four years.
Attorney In Fact, Anthony M. D'Iorio
2023-11-29