Form 4: Crane NXT CFO Christina Cristiano Reports Stock Transactions
SEC Form 4 Filing
Christina Cristiano, SVP and CFO of Crane NXT, Co., reports the vesting of restricted share units and subsequent tax withholding.
Summary
- On April 20, 2024, Christina Cristiano, the SVP and Chief Financial Officer of Crane NXT, Co., had 3,300 restricted share units vest, converting into common stock.
- Following the vesting, 1,685 shares were withheld to cover tax obligations at a price of $61.33 per share.
- After these transactions, Cristiano directly owns 4,538 shares of common stock and 14,816 restricted share units.
- The reported transactions were filed according to Section 16(a) of the Securities Exchange Act of 1934.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to executive compensation and stock ownership. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common occurrences in publicly traded companies. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| 04/20/2024 | Vesting of 3,300 Restricted Share Units and tax withholding of 1,685 shares. |
| 04/23/2024 | Date of signature for the Form 4 filing. |
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