Form 4: Crane NXT Director William K. Grogan Reports Acquisition of Deferred Stock Units
SEC Form 4 Filing
Director William K. Grogan reports acquisition of deferred stock units in Crane NXT, Co.
Summary
- On May 23, 2024, William K. Grogan, a director of Crane NXT, Co. [CXT], reported the acquisition of 2,377 deferred stock units.
- These deferred stock units convert into Crane NXT, Co. common stock on a one-for-one basis upon separation from service on the Board of Directors.
- Grogan also acquired 29 deferred stock units representing accumulated dividends.
- Following these transactions, Grogan beneficially owns 5,249 deferred stock units.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it is a standard regulatory filing detailing stock unit acquisitions.
Future Outlook
The deferred stock units will convert to common stock upon separation from service on the Board of Directors.
Industry Context
This filing is a routine disclosure related to director compensation and equity ownership, common in publicly traded companies.
Stakeholder Impact
- The acquisition of deferred stock units by a director signals continued alignment of interests with shareholders.
Key Dates
| Date | Description |
|---|---|
| 05/23/2024 | Date of transaction: Acquisition of deferred stock units and dividend units. |
| 05/28/2024 | Date of signature on the Form 4 filing. |
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