Form 4: Crane Co Executive Vice President and CFO, Richard A. Maue, Reports Share Transactions

Richard A. Maue, Executive Vice President and CFO of Crane Co, reported the vesting of restricted share units and subsequent sale of shares to cover tax obligations.

Summary

• Richard A. Maue, the Executive Vice President and CFO of Crane Co, reported a transaction involving the vesting of 994 restricted share units on January 25, 2025.
• These restricted share units converted into 994 shares of common stock on a one-for-one basis.
• Following the vesting, 502 shares were disposed of at a price of $161.68 per share, likely to cover tax obligations.
• After these transactions, Mr. Maue directly owns 76,703 shares of Crane Co common stock and 6,239 restricted share units.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing related to executive compensation and does not indicate any positive or negative sentiment.

Industry Context

This is a routine filing related to executive compensation and is common for publicly traded companies.

Comparison to Industry Standards

• The vesting of restricted share units and subsequent sale of shares to cover tax obligations is a standard practice in executive compensation across various industries.
• Many companies use restricted stock units as part of their compensation packages to align executive interests with shareholder value.
• The reporting of these transactions via SEC Form 4 is a regulatory requirement for transparency and is consistent with industry standards.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they involve a small number of shares relative to the total outstanding shares.
• The sale of shares by an executive may be viewed neutrally by the market as it is a common practice for tax purposes.

Key Dates

Keywords

Crane Co, Richard A. Maue, restricted share units, insider trading, Form 4, executive compensation, share vesting, stock sale