Form 4: Crane NXT Senior Vice President Kurt F. Gallo Reports Stock Transactions
SEC Form 4 Filing
Senior Vice President Kurt F. Gallo reports the exercise of stock options and subsequent sale of Crane NXT shares.
Summary
- Kurt F. Gallo, a Senior Vice President at Crane NXT, Co., reported transactions involving the company's common stock.
- On August 21, 2024, Gallo exercised options to acquire 207 shares at $29.50 and then sold 207 shares at $58.
- On August 22, 2024, Gallo exercised options to acquire 2,413 shares at $29.50 and then sold 2,413 shares at an average price of $58.01.
- Following these transactions, Gallo directly owns no shares and indirectly owns 34,132 shares through the Kurt Gallo Living Trust and 1,458 shares through a 401(k).
- Gallo also directly owns 5,185 employee stock options.
Sentiment
Score: 5
Explanation: Neutral sentiment as it is a standard reporting of stock transactions by an officer.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to monitor potential alignment of interests between management and shareholders.
Key Dates
| Date | Description |
|---|---|
| 01/25/2021 | Date the employee stock options were granted with a ten-year term and vest 25% each year over four years. |
| 08/21/2024 | Date of stock option exercise and sale of 207 shares at $58. |
| 08/22/2024 | Date of stock option exercise and sale of 2,413 shares at an average price of $58.01. |
| 08/23/2024 | Date of signature on the Form 4 filing. |
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