0000025445-22-000052.txt : 20220209
0000025445-22-000052.hdr.sgml : 20220209
20220209180505
ACCESSION NUMBER: 0000025445-22-000052
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20220207
FILED AS OF DATE: 20220209
DATE AS OF CHANGE: 20220209
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Gallo Kurt F.
CENTRAL INDEX KEY: 0001772908
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-01657
FILM NUMBER: 22608626
MAIL ADDRESS:
STREET 1: 100 FIRST STAMFORD PLACE
CITY: STAMFORD
STATE: CT
ZIP: 06902
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: CRANE CO /DE/
CENTRAL INDEX KEY: 0000025445
STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS FABRICATED METAL PRODUCTS [3490]
IRS NUMBER: 131952290
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: CRANE CO.
STREET 2: 100 FIRST STAMFORD PLACE
CITY: STAMFORD
STATE: CT
ZIP: 06902
BUSINESS PHONE: 203-363-7300
MAIL ADDRESS:
STREET 1: CRANE CO.
STREET 2: 100 FIRST STAMFORD PLACE
CITY: STAMFORD
STATE: CT
ZIP: 06902
4
1
wf-form4_164444788620106.xml
FORM 4
X0306
4
2022-02-07
0
0000025445
CRANE CO /DE/
CR
0001772908
Gallo Kurt F.
100 FIRST STAMFORD PLACE
STAMFORD
CT
06902
0
1
0
0
Senior Vice President
2022 Performance-Based Restricted Share Unit
2022-02-07
4
A
0
3195
0
A
CRANE CO. COMMON, PAR VALUE $1.00
3195.0
3195
D
Employee Stock Option (Right to Buy)
101.72
2022-02-07
4
A
0
4998
0
A
2032-02-07
CRANE CO. COMMON, PAR VALUE $1.00
4998.0
4998
D
Restricted Share Unit
2022-02-07
4
A
0
1598
0
A
CRANE CO. COMMON, PAR VALUE $1.00
1598.0
5129
D
Each 2022 Performance-Based RSU represents a contingent right to receive a number of shares of Crane Co. common stock between zero and 2.00.
2022 Performance-Based RSUs vest on December 31, 2024, if Crane Co.'s common stock achieves certain performance criteria for each fiscal year over the three years ending December 31, 2024, and contingent on continued employment with Crane Co., subject to certain exceptions.
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.
Restricted Share Units convert into common stock on a one-for-one basis.
Restricted Share Units vest ratably in four equal installments beginning on the first anniversary of the grant date.
Restricted Share Units are forfeited if the recipient resigns, or employment is terminated, before it has been converted to common stock.
/s/ Julie A. Constantinides
2022-02-09