Form 4: Crane NXT SVP, General Counsel & Secretary Reports Stock Vesting
SEC Form 4 Filing
Paul Gerard Igoe, SVP, General Counsel & Secretary of Crane NXT, Co., reports the vesting of restricted share units and subsequent tax withholding.
Summary
- On March 20, 2024, Paul Gerard Igoe, SVP, General Counsel & Secretary of Crane NXT, Co., reported the vesting of 4,739 restricted share units.
- These units converted into common stock on a one-for-one basis.
- Following the vesting, 1,438 shares were withheld to cover tax obligations at a price of $60.34 per share.
- After these transactions, Igoe directly owns 3,301 shares of Crane NXT, Co. common stock and 17,671 restricted share units.
Sentiment
Score: 5
Explanation: This is a routine disclosure of stock vesting and tax withholding, with no indication of 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 stock.
Stakeholder Impact
- The vesting and subsequent tax withholding have a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| 03/20/2024 | Date of transaction (vesting of restricted share units and tax withholding) |
| 03/21/2024 | Date of signature on the Form 4 filing |
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