Form 4: Crane NXT Director Michael Dinkins Reports Acquisition of Deferred Stock Units
SEC Filing
Director Michael Dinkins reports acquisition of deferred stock units in Crane NXT, Co.
Summary
- On May 23, 2024, Michael Dinkins, a director of Crane NXT, Co. [CXT], acquired 2,377 deferred stock units.
- These units convert into common stock on a one-for-one basis upon separation from service on the Board of Directors.
- An additional 101 deferred stock units were acquired as dividend equivalents.
- Following these transactions, Dinkins directly owns 12,629 deferred stock units.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing, reflecting standard transactions related to director compensation.
Industry Context
This filing is a routine disclosure related to director compensation and holdings, typical for publicly traded companies.
Stakeholder Impact
- The acquisition of deferred stock units aligns the director's interests with those of the shareholders.
Key Dates
| Date | Description |
|---|---|
| 05/23/2024 | Date of transaction: Acquisition of deferred stock units and dividend equivalents |
| 05/28/2024 | Date of signature for the report |
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