Crane Co (CR) director Sanjay Kapoor awarded 1,393 restricted share units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Crane Co director Sanjay Kapoor received a grant of 1,393 Restricted Share Units (RSUs) that will convert into 1,393 shares of common stock on a one-for-one basis. After this award, he holds 7,966 RSUs directly. The RSUs vest on the earlier of the first anniversary of the grant date or the next annual meeting of stockholders, as long as he continues to serve on the board. 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
Kapoor Sanjay
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Share Unit | 1,393 | $0.00 | -- |
Holdings After Transaction:
Restricted Share Unit — 7,966 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
RSUs granted: 1,393 units
RSUs held after grant: 7,966 units
Conversion ratio: 1 RSU : 1 common share
3 metrics
RSUs granted
1,393 units
Restricted Share Unit award to director Sanjay Kapoor
RSUs held after grant
7,966 units
Total Restricted Share Units directly held after transaction
Conversion ratio
1 RSU : 1 common share
Restricted Share Units convert into common stock
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"
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
"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) director Sanjay Kapoor report?
Sanjay Kapoor reported receiving a grant of 1,393 Restricted Share Units. These RSUs are a form of stock-based compensation that convert into an equal number of Crane Co common shares once they vest under the award’s terms.
What happens to unvested Crane Co (CR) RSUs if Sanjay Kapoor leaves the board?
Any unvested RSUs are generally forfeited if Kapoor’s board service terminates. The filing notes exceptions to forfeiture in cases of death or a change in control, where unvested awards are not treated the same way.