Form 4: Crane NXT, Co. Executive Bianca B. Shardelow Reports Stock Transactions
SEC Form 4 Filing
Bianca B. Shardelow, VP, Controller & CAO of Crane NXT, Co., reports the vesting of restricted share units and subsequent tax withholding.
Summary
- On April 20, 2024, Bianca B. Shardelow, VP, Controller & CAO of Crane NXT, Co., had 355 restricted share units vest.
- These units converted into common stock on a one-for-one basis.
- Following the vesting, 128 shares were disposed of to cover tax obligations at a price of $61.33 per share.
- After these transactions, Shardelow directly owns 2,090 shares of common stock and 4,993 restricted share units.
Sentiment
Score: 5
Explanation: This is a routine transaction report, indicating neutral sentiment. It reflects standard compensation practices and tax obligations.
Industry Context
Form 4 filings are standard 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 vesting of previously granted equity compensation.
- Employees may view this as a standard part of the company's compensation structure.
Key Dates
| Date | Description |
|---|---|
| 04/20/2024 | Vesting of 355 Restricted Share Units and tax withholding of 128 shares. |
| 04/23/2024 | Date of signature for the Form 4 filing. |
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