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Crane Co Chairman, President and CEO Max H. Mitchell reported an open-market purchase of company stock. On January 30, 2026, he bought 1,000 shares of Crane Co common stock at $183.71 per share.
After this transaction, he directly held 410,667 common shares and indirectly held 2,971 common shares through a 401(k) account, according to the filing.
Crane Company announced a planned leadership transition effective April 27, 2026. Executive Vice President and Chief Operating Officer Alejandro (Alex) Alcala will become President and Chief Executive Officer, while current Chairman, President and CEO Max Mitchell will move to Executive Chairman and remain on the Board.
Alcala’s 2026 annual base salary will be $950,000, and his target annual cash incentive will be 110% of base salary. On January 26, 2026, he received $4.15 million in long-term incentives, allocated as 55% performance-based restricted share units, 25% stock options, and 20% time-based restricted share units. Mitchell’s 2026 base salary will be $900,000 with a 110% target cash incentive, and he received $3.25 million in long-term incentives with the same mix and vesting structure, aligning both leaders’ pay with multi-year shareholder returns.
Crane Co executive Tamara S. Polmanteer reported equity transactions tied to performance-based awards. On January 26, 2026, a 2023 performance-based RSU grant covering 2,506 units was exercised for 3,478 shares of common stock at $0 per share, reflecting a 1.388 share conversion rate per unit.
To cover tax withholding on the vesting, 1,653 shares of common stock were automatically disposed of at $204.24 per share. After these transactions, Polmanteer directly owned 8,240 shares of Crane Co common stock.
Crane Co. Chairman, President and CEO Max H. Mitchell reported equity award activity involving common stock on January 26, 2026. He exercised 24,626 2023 Performance-Based RSUs, which converted into 34,181 shares of Crane common stock at an exercise price of $0 per share.
To cover associated tax obligations, 15,865 shares of common stock were withheld at a price of $204.24 per share, reported as a disposition. Following these transactions, Mitchell directly owned 409,667 shares of Crane common stock and indirectly held 2,971 shares through a 401(k) plan.
Crane Co.'s Executive VP and CFO Richard A. Maue reported equity award activity and related share withholding. On January 26, 2026, 5,430 2023 Performance-Based Restricted Share Units were exercised for common stock at $0 per share, and 7,537 shares of common stock were acquired. To cover tax obligations, 3,527 shares of common stock were withheld at a price of $204.24 per share. After these transactions, Maue beneficially owned 72,393 shares of Crane Co. common stock directly and 1,791 shares indirectly through a 401(k) plan.
Crane Co. executive Anthony M. D'Iorio reported equity award activity involving company stock. On January 26, 2026, he exercised 3,759 2023 performance-based restricted share units for 5,217 shares of Crane common stock at an exercise price of $0 per share. On the same day, 2,707 shares were withheld at $204.24 per share to cover associated obligations, reducing his directly held common shares to 32,394. He also holds 1,440 additional shares indirectly through a 401(k) plan.
Crane Co executive Alejandro Alcala, Executive Vice President and Chief Operating Officer, reported equity award activity in Crane Co common stock. On January 26, 2026, he exercised 3,133 2023 Performance-Based RSUs, which converted at 1.388 shares each into 4,349 shares of common stock at an exercise price of $0. A same-day transaction coded "F" shows 1,745 shares of common stock disposed of at $202.24 per share, leaving him with 36,130 directly held shares. He also reports an indirect holding of 290 shares through a 401(k) plan. The RSU footnote explains that each 2023 performance-based RSU could convert into between 0 and 2.0 shares, and the final payout was set at 1.388 shares per unit.
Crane Co. director Martin R. Benante received 44 shares of common stock on 01/26/2026 as part of his election to take a portion of his board cash retainer in fully vested stock. After this grant, he beneficially owned 1,913 Crane Co. common shares in direct ownership.
Crane Company announced its results of operations for the quarter ended December 31, 2025 and furnished an earnings press release and quarterly financial data supplement as an exhibit.
The Board of Directors elected Alejandro (Alex) Alcala, age 51, as President and Chief Executive Officer, effective April 27, 2026. Alcala is currently Executive Vice President, Chief Operating Officer and has held senior roles across the company’s Aerospace and Electronics, Engineered Materials, Process Flow Technologies and regional operations since 2020.
Max Mitchell, currently Chairman, President and Chief Executive Officer, will transition to the role of Executive Chairman on April 27, 2026 and will continue to serve on the Board. The CEO transition is structured as an internal succession with continuity of leadership at the Board level.
Crane Company has completed its previously announced acquisition of Precision Sensors & Instrumentation (PSI). On January 1, 2026, the company acquired all of the sellers’ interest in Panametrics, LLC, which represents 100% of PSI, from Baker Hughes Holdings LLC and Bently Nevada, LLC under a June 6, 2025 Purchase Agreement.
The purchase price is $1,060 million after adjusting for expected tax benefits with a net present value of approximately $90 million, and is still subject to contractual adjustments for working capital, cash acquired and other transaction-related costs. Crane also disclosed that required historical and pro forma financial statements for the acquisition will be filed by amendment within 71 days.