Form 4: Crane NXT, Co. Executive Samuel Keayes Reports Acquisition of Restricted Share Units

Samuel Keayes, SVP at Crane NXT, Co., reports acquiring 3,251 restricted share units convertible to common stock, vesting over four years.

Summary

• On May 3, 2024, Samuel Keayes, SVP of Security & Auth. Tech. at Crane NXT, Co., acquired 3,251 restricted share units.
• These restricted share units convert into common stock on a one-for-one basis.
• The units vest 25% per year over four years, starting on the first anniversary of the grant date.
• Following the transaction, Keayes directly owns 11,350 derivative securities.
• The transaction was reported on May 7, 2024.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing detailing a routine transaction. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are standard disclosures required by the SEC for insiders of publicly traded companies, providing transparency into their transactions in the company's securities.

Stakeholder Impact

• The acquisition of restricted share units by an executive aligns their interests with those of the shareholders.

Key Dates