Crane director receives stock and RSU awards
Crane Co director Martin R. Benante reported equity compensation grants rather than open-market trades.
Sentiment and the balance of points
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Rhea-AI Filing Summary
Crane Co director Martin R. Benante reported equity compensation grants rather than open-market trades. He received 49 fully vested shares of common stock as part of his election to take a portion of his board cash retainer in stock, bringing his direct common share holdings to 1,962. He was also granted 1,004 Restricted Share Units, increasing his direct RSU balance to 20,215. The RSUs convert into common stock on a one-for-one basis and vest on the earlier of the first anniversary of the grant date or the next annual meeting of stockholders, subject to his continued board service, with unvested units generally forfeited if his board service ends, except in cases of death or a change in control.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Share Unit | 1,004 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 49 | $0.00 | $0.00 |
Footnotes (3)
- F1. Shares granted as part of the reporting person's election to receive a portion of the cash retainer for board services in fully vested shares of common stock.
- F2. Restricted Share Units convert into common stock on a one-for-one basis.
- F3. Restricted Share Units vest on the earlier of the first anniversary of the grant date or the next year's annual meeting of stockholders, subject to the reporting person's continued board service through the applicable date. Any unvested Restricted Share Units are forfeited upon the termination of the reporting person's board service, except upon death or a change in control.
Key Figures
Key Terms
cash retainer financial
change in control financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Crane (CR) director Martin R. Benante report in this Form 4?
What happens to Martin R. Benante’s Crane (CR) RSUs if his board service ends?
AI-generated analysis. How Rhea-AI works. Not financial advice.