[Form 4] Crane Company Insider Trading Activity

Rhea-AI Filing Summary

Crane Co. (CR) Chief Financial Officer Richard A. Maue reported option exercises and multiple open-market sales on 08/20/2025 and 08/21/2025. He sold a series of shares at weighted average prices between $188.63 and $191.10, disposing of lots of 13,639; 6,601; 5,977; and 2,799 shares and reporting weighted average sale prices in the $189–$191 range. After those sales and a subsequent 14,076-share acquisition reported as a zero-price transaction on 08/21/2025, Mr. Maue beneficially owned 77,159 shares before later sales and 68,383 shares following the final reported sale.

He exercised employee stock options on 08/21/2025: 6,571 options with a $58.05 exercise price (granted 01/27/2020) and 7,505 options with a $54.58 exercise price (granted 01/25/2021). The filing states the exercises and sales were initiated to meet "real estate related capital needs." The filing also notes Mr. Maue still holds more than 16x his base salary in Company shares, exceeding the Company’s 5x ownership guideline.

Positive

• Maintains substantial ownership: Mr. Maue continues to beneficially own 68,383 shares, described as more than 16x his base salary, exceeding the Company’s 5x guideline.
• Exercise of vested options: Exercised options granted in 2020 and 2021, realizing intrinsic value given exercise prices of $58.05 and $54.58 relative to sale prices near $190.

Negative

• Insider selling: Multiple open-market sales totaling tens of thousands of shares on 08/20–08/21/2025, which may be viewed negatively by some investors.
• Personal liquidity-driven transactions: Sales were initiated to address "real estate related capital needs," indicating the transactions were for personal reasons rather than company performance.

Insights

Financial Analyst

TL;DR: Insider exercised options and sold shares, but retained a materially large ownership stake; transactions were for personal capital needs.

The Form 4 shows routine option exercises followed by open-market sales executed at weighted average prices roughly between $188.63 and $191.10. The exercised options (6,571 and 7,505 shares) had exercise prices of $58.05 and $54.58, indicating a substantial intrinsic gain per share at sale prices near $190. Net ownership remains significant at 68,383 shares, stated as over 16x his base salary, which suggests continued alignment with equity-based incentives. From a financial perspective, these trades are liquidity-driven and not necessarily indicative of a change in outlook, though sequential sales of insider-held stock may attract market attention.

Corporate Governance Expert

TL;DR: Transactions comply with reporting norms and stock ownership policy; disclosure explains personal liquidity purpose.

The filing includes the standard explanations and weighted-average price disclosures with an undertaking to provide per-price breakdowns if requested. The reporting person affirms post-transaction ownership well above the Company’s minimum guideline (5x base salary), which supports continued governance alignment. The explicit statement that trades were to address "real estate related capital needs" provides a clear non-company-related motivation, reducing concerns about company-specific information leakage. No amendment or plan-based 10b5-1 box was checked in the provided data.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Maue Richard A

(Last) (First) (Middle)

100 FIRST STAMFORD PLACE

(Street)

STAMFORD CT 06902-6784

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Crane Co [ CR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Exec. V.P & CFO

3. Date of Earliest Transaction (Month/Day/Year)
08/20/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/20/2025		S(1)		13,639	D	$189.99(2)	69,684	D
Common Stock	08/20/2025		S(1)		6,601	D	$190.79(3)	63,083	D
Common Stock	08/21/2025		M		14,076	A	$0	77,159	D
Common Stock	08/21/2025		S		5,977	D	$189.2(4)	71,182	D
Common Stock	08/21/2025		S		2,799	D	$190.17(5)	68,383(6)	D
Common Stock								1,787	I	401(k)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Employee Stock Option (Right to Buy)	$58.05	08/21/2025		M			6,571	(7)	01/27/2030	Common Stock	6,571	$0	0	D
Employee Stock Option (Right to Buy)	$54.58	08/21/2025		M			7,505	(8)	01/25/2031	Common Stock	7,505	$0	0	D

Explanation of Responses:

1. Mr. Maue initiated these trades, including exercising certain options in advance of their expiration dates, to address, among other things, certain real estate related capital needs.

2. Weighted average price at which shares were sold at prices ranging from $189.32 to $190.32. The reporting person undertakes to provide, upon request of the Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.

3. Weighted average price at which shares were sold at prices ranging from $190.34 to $191.10. The reporting person undertakes to provide, upon request of the Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.

4. Weighted average price at which shares were sold at prices ranging from $188.63 to $189.57. The reporting person undertakes to provide, upon request of the Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.

5. Weighted average price at which shares were sold at prices ranging from $189.64 to $190.54. The reporting person undertakes to provide, upon request of the Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.

6. The Company's stock ownership guidelines require Mr. Maue to maintain a minimum ownership level of 5x his base salary as Chief Financial Officer. After giving effect to the exercise and sale, Mr. Maue will still beneficially own 68,383 shares, or more than 16x his base salary in Company shares.

7. The options were granted 1/27/2020 with a ten-year term and vested 25% each year over four years.

8. The options were granted 1/25/2021 with a ten-year term and vested 25% each year over four years.

Remarks:

	/s/ Attorney In Fact, Julie A. Constantinides	08/22/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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