Form 4: Crane Co Executive Exercises Restricted Share Units
SEC Form 4 Filing
Alejandro Alcala, Executive VP & Chief Operating Officer of Crane Co, reports the vesting and conversion of restricted share units into common stock.
Summary
- On February 7, 2025, Alejandro Alcala, Executive VP & Chief Operating Officer of Crane Co, exercised restricted share units.
- 430 restricted share units converted into common stock at a price of $0.
- Additionally, 170 shares were disposed of to cover tax obligations at a price of $172.79.
- Following these transactions, Alcala directly owns 33,223 shares of Crane Co common stock and 4,172 restricted share units.
Sentiment
Score: 5
Explanation: This is a routine transaction related to executive compensation and does not indicate any significant positive or negative sentiment.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, ensuring fair market practices.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves the issuance of new shares from existing equity compensation plans.
Key Dates
| Date | Description |
|---|---|
| 02/07/2025 | Date of transaction: vesting of restricted share units and disposition of shares for tax obligations. |
| 02/11/2025 | Date of signature on the Form 4 filing. |
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