Crane Co SEC Filings

Crane Company has issued its 2026 proxy for the April 27 annual stockholder meeting in Greenwich, Connecticut. Stockholders are asked to elect nine directors for one-year terms, ratify Deloitte & Touche LLP as 2026 auditors, and approve 2025 executive pay in an advisory vote.

The proxy highlights record 2025 financial and operational results and notes an estimated 157% equity value increase since the 2022 separation, aided by portfolio reshaping and acquisitions. Crane completed the divestiture of its Engineered Materials segment, agreed to acquire Panametrics, Druck and Reuter‑Stokes for about $1.06 billion, and signed a deal for optek‑Danulat.

The Board describes extensive governance practices, including a lead independent director, majority‑voting with a resignation policy, strict overboarding limits, stock ownership guidelines, and active refreshment. A planned CEO transition is detailed: Alejandro (Alex) Alcala will become CEO at the annual meeting, while current CEO Max H. Mitchell will move to Executive Chairman, and the Board expects to expand to 10 members.

Crane Company filed an amended report to add detailed historical and pro forma financial information for its acquisition of Precision Sensors & Instrumentation (PSI), a Baker Hughes business.

The filing confirms the deal closed on January 1, 2026 for $1,150 million in cash, funded by drawing $900 million under a delayed-draw term loan and $250 million under its revolving credit facility. PSI generated revenue of $382 million in 2024 and $275 million for the nine months ended September 30, 2025, with net income of $28 million and $15 million, respectively. Audited 2024 PSI financials and unaudited nine‑month 2025 carve‑out statements are provided, along with pro forma combined results showing how Crane and PSI would have looked together over those periods, including the impact of purchase accounting and new interest expense from the acquisition financing.

Crane Company reports solid 2025 growth as an independent industrial manufacturer focused on aerospace, defense, space and process industries. Net sales rose to $2.31 billion, up 8.2%, with operating profit increasing 19.2% to $424.2 million and operating margin improving to 18.4%.

Aerospace & Advanced Technologies sales grew 12.5% to $1.05 billion, supported by strong commercial and military demand and higher aftermarket activity, lifting segment margin to 25.0%. Process Flow Technologies sales increased 4.8% to $1.26 billion, with margin up to 21.0%, helped by pricing, productivity and recent cryogenic acquisitions.

The company continued reshaping its portfolio, selling the Engineered Materials segment and acquiring Vian, CryoWorks, Technifab, and, effective January 1, 2026, Druck, Panametrics, Reuter‑Stokes and Optek. Net income attributable to shareholders reached $366.6 million, while operating cash flow from continuing operations strengthened to $394.8 million. Management highlights macro, supply chain, cybersecurity, regulatory and defense spending risks but points to a large backlog and diversified end markets as support for future performance.

Crane Co. executive Alejandro Alcala, Exec. V.P. & Chief Operating Officer, reported equity awards activity. On February 12, 2026, 501 previously granted restricted share units vested and were converted into 501 shares of common stock at a stated price of $0 per share.

On the same date, 198 common shares were disposed of at $200.61 per share to cover tax withholding obligations related to the vesting. Following these transactions, Alcala directly owned 37,192 shares of common stock and held an additional 290 shares indirectly through a 401(k) plan, along with 6,841 restricted share units.

D'Iorio Anthony M. reported multiple insider transaction types in a Form 4 filing for CR. The filing lists transactions totaling 1,133 shares at a weighted average price of $200.61 per share. Following the reported transactions, holdings were 3,587 shares.

Crane Co. senior vice president Jason D. Feldman reported multiple equity transactions in February 2026. On February 12, 501 restricted share units vested and converted into common stock on a one-for-one basis, increasing his direct common stock holdings and reflecting previously reported awards.

That same day, 256 shares of common stock were disposed of at $200.61 per share to cover tax obligations through a tax-withholding disposition, leaving 10,639 common shares held directly. On February 13, Feldman exercised employee stock options for 2,693 shares at an exercise price of $51.32 per share, then sold 2,693 shares of common stock in an open-market transaction at a weighted average price of $201.95 per share.

After these transactions, Feldman directly held 10,639 shares of Crane Co. common stock, plus 357 shares held indirectly through a 401(k) plan, and 2,512 restricted share units as derivative securities.

Crane Co executive Richard A. Maue, Exec. V.P & CFO, reported equity compensation activity involving restricted share units and common stock. On February 12, 2026, 651 restricted share units vested and were converted into 651 shares of Crane common stock at $0 exercise price, increasing his directly held common stock to 74,096 shares.

On the same date, 302 common shares were withheld at $200.61 per share to cover tax obligations, leaving 73,794 common shares held directly, plus 1,791 common shares held indirectly through a 401(k) plan. After these transactions, he also directly holds 5,128 restricted share units, which convert into common stock on a one-for-one basis and vest in four equal installments starting on the first anniversary of the grant date.

Crane Co. Chairman, President and CEO Max H. Mitchell reported equity compensation activity in the company’s stock. On February 12, 2026, 2,260 Restricted Share Units vested and were converted into an equal number of Crane common shares at an exercise price of $0.

In connection with this vesting, 1,048 common shares were disposed of at $200.61 per share to satisfy tax withholding obligations, a non–open-market transaction coded "F." Following these transactions, he directly owned 415,459 common shares and held 15,412 Restricted Share Units, with an additional 2,971 common shares held indirectly through a 401(k) plan.

Papanikolaou Marijane V. reported multiple insider transaction types in a Form 4 filing for CR. The filing lists transactions totaling 247 shares at a weighted average price of $200.61 per share. Following the reported transactions, holdings were 1,684 shares.