Form 4: Crane Co. Director Ronald Carter Lindsay Reports Acquisition of Deferred Stock Units
SEC Form 4 Filing
Director Ronald Carter Lindsay reports acquiring deferred stock units in Crane Co.
Summary
- On April 22, 2024, Ronald Carter Lindsay, a director of Crane Co., acquired 1,071 deferred stock units.
- These units convert to common stock on a one-for-one basis upon separation from service on the Board of Directors.
- An additional 177 deferred stock units were acquired as accumulated dividends.
- Following these transactions, Lindsay directly owns 26,495 deferred stock units.
- The deferred stock units are forfeited if service terminates before the one-year anniversary of the grant, unless termination results from death or change in control of Crane Company.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock unit acquisitions by a company director, which is a common practice in corporate governance and executive compensation.
Stakeholder Impact
- The acquisition of deferred stock units by a director can be seen as a positive sign, aligning the director's interests with those of the shareholders.
Key Dates
| Date | Description |
|---|---|
| 04/22/2024 | Date of transaction: Acquisition of 1,071 deferred stock units and 177 dividend deferred stock units. |
| 04/24/2024 | Date of signature by Attorney In Fact, Julie A. Constantinides. |
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