Director Charles McClure granted 874 RSUs in Crane Co (NYSE: CR)
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Crane Co director Charles G. McClure received a grant of 874 Restricted Share Units (RSUs) tied to Crane common stock. The RSUs convert into common shares on a one-for-one basis and increase his direct holdings to 19,103 shares-equivalent.
The RSUs vest on the earlier of the first anniversary of the grant date or the next annual stockholders’ meeting, provided he continues to serve on the board. Any unvested RSUs are forfeited if his board service ends, except in cases of death or a change in control.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
MCCLURE CHARLES G
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Share Unit | 874 | $0.00 | -- |
Holdings After Transaction:
Restricted Share Unit — 19,103 shares (Direct, null)
Footnotes (1)
- 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
RSU grant size: 874 units
Post-grant holdings: 19,103 shares-equivalent
Conversion ratio: 1 RSU = 1 share
3 metrics
RSU grant size
874 units
Restricted Share Units granted to director on April 27, 2026
Post-grant holdings
19,103 shares-equivalent
Total direct holdings following RSU grant
Conversion ratio
1 RSU = 1 share
Restricted Share Units convert into Crane common stock one-for-one
Key Terms
Restricted Share Unit, vest, change in control
3 terms
vest financial
"Restricted Share Units vest on the earlier of the first anniversary of the grant date or the next year's annual meeting of stockholders"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
change in control financial
"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."
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 insider transaction did Crane Co (CR) disclose for Charles G. McClure?
Crane Co reported that director Charles G. McClure received a grant of 874 Restricted Share Units. These compensation-related units are awarded at no cost and convert into Crane common stock on a one-for-one basis, increasing his equity-linked position with the company.
What happens to unvested Crane Co RSUs if Charles G. McClure leaves the board?
Any unvested Restricted Share Units are forfeited if McClure’s Crane Co board service terminates. The only exceptions are termination due to death or a change in control, where the footnote specifies that forfeiture terms differ, offering additional protection for the unvested awards.