Crane (CR) director granted 49 shares and 1,004 RSUs in equity awards
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
BENANTE MARTIN R
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Share Unit | 1,004 | $0.00 | -- |
| Grant/Award | Common Stock | 49 | $0.00 | -- |
Holdings After Transaction:
Restricted Share Unit — 20,215 shares (Direct, null);
Common Stock — 1,962 shares (Direct, null)
Footnotes (1)
- 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. Restricted Share Units convert into common stock on a one-for-one basis. 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
Common shares granted: 49 shares
Common shares held after grant: 1,962 shares
RSUs granted: 1,004 units
+2 more
5 metrics
Common shares granted
49 shares
Fully vested shares in lieu of part of cash retainer
Common shares held after grant
1,962 shares
Direct Crane common stock holdings after Form 4 transactions
RSUs granted
1,004 units
New Restricted Share Unit award on grant date
RSUs held after grant
20,215 units
Total direct RSU balance following the award
RSU conversion ratio
1:1
Each RSU converts into one share of common stock
Key Terms
Restricted Share Units, cash retainer, change in control
3 terms
cash retainer financial
"election to receive a portion of the cash retainer for board services in fully vested shares"
change in control financial
"except upon death or a change in control"
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
FAQ
What did Crane (CR) director Martin R. Benante report in this Form 4?
Martin R. Benante reported equity compensation grants, not market trades. He received 49 fully vested shares of Crane common stock and 1,004 Restricted Share Units, both classified as awards under transaction code A, increasing his direct stock and RSU holdings.
What happens to Martin R. Benante’s Crane (CR) RSUs if his board service ends?
Any unvested Restricted Share Units are forfeited if Benante’s board service terminates. The filing notes exceptions for termination due to death or a change in control, where the usual forfeiture provisions on these unvested RSUs would not apply.