Form 4: Crane Co Executive Exercises and Disposes of Performance-Based Restricted Stock Units
SEC Filing
Alejandro Alcala, Executive VP & Chief Operating Officer of Crane Co, reports the exercise and disposal of performance-based restricted stock units, resulting in changes to his beneficial ownership of company stock.
Summary
- On January 27, 2025, Alejandro Alcala exercised 3,441 performance-based restricted stock units (RSUs) which converted into 5,499 shares of Crane Co common stock.
- Following the exercise, Alcala disposed of 2,178 shares of common stock at a price of $161.68 per share.
- After these transactions, Alcala directly owns 32,726 shares of Crane Co common stock and indirectly owns 289 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it reflects a standard transaction related to executive compensation.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders as it primarily concerns the executive's personal holdings.
Key Dates
| Date | Description |
|---|---|
| 01/27/2025 | Date of earliest transaction: Exercise of performance-based restricted stock units and disposal of shares. |
| 01/29/2025 | Date of signature on the Form 4 filing. |
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