Director at Crane Co (NYSE: CR) granted 874 restricted share units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Crane Co director Lindsay Ronald Carter received a grant of 874 Restricted Share Units (RSUs), which are a form of stock-based compensation. Each RSU converts into one share of Crane Co common stock. After this award, Carter directly holds 28,640 shares or share-equivalents.
The RSUs vest on the earlier of the first anniversary of the grant date or the next annual meeting of stockholders, as long as Carter continues to serve on the board through that date. Any unvested RSUs are forfeited if his board service ends, except in the case of death or a change in control.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Lindsay Ronald Carter
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Share Unit | 874 | $0.00 | -- |
Holdings After Transaction:
Restricted Share Unit — 28,640 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-transaction holdings: 28,640 shares
Conversion ratio: 1 RSU : 1 share
3 metrics
RSU grant size
874 units
Restricted Share Units granted to director
Post-transaction holdings
28,640 shares
Total direct holdings after RSU grant
Conversion ratio
1 RSU : 1 share
RSUs convert into common stock on a one-for-one basis
Key Terms
Restricted Share Unit, vest, annual meeting of stockholders, change in control
4 terms
vest financial
"Restricted Share Units vest on the earlier of the first anniversary of the grant date"
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.
annual meeting of stockholders financial
"or the next year's annual meeting of stockholders, subject to the reporting person's continued board service"
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 insider transaction did Crane Co (CR) report for Lindsay Ronald Carter?
Crane Co reported that director Lindsay Ronald Carter received a grant of 874 Restricted Share Units as stock-based compensation. These RSUs are derivative securities that will convert into Crane Co common stock on a one-for-one basis once they vest.
What are the vesting conditions for the Crane Co director’s 874 RSUs?
The 874 Restricted Share Units vest on the earlier of the first anniversary of the grant date or the next annual meeting of stockholders. Vesting requires the director to continue serving on the board through that date, with exceptions for death or a change in control.