Crane NXT (CXT) director receives additional Deferred Stock Unit grants
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Crane NXT, Co. director Sandra Joyce reported two compensation-related grants of Deferred Stock Units on May 21, 2026. She acquired 70 and 4,119 Deferred Stock Units at a price of $0.00 per unit. These units convert into common stock on a one-for-one basis upon her separation from Board service and may be forfeited if service ends within one year of grant, except in cases of death or a change in control. Following the larger grant, her reported Deferred Stock Unit balance was 9,624 units, with no open-market purchases or sales disclosed.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Joyce Sandra
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Units | 4,119 | $0.00 | -- |
| Grant/Award | Deferred Stock Units | 70 | $0.00 | -- |
Holdings After Transaction:
Deferred Stock Units — 9,624 shares (Direct, null)
Footnotes (1)
- Deferred Stock Units convert into Crane NXT, Co. common stock on one-for-one basis upon separation from service on the Board of Directors. Deferred Stock Units are forfeited if service terminates before the one-year anniversary of the grant, unless termination results from death or change in control of Crane NXT, Co. Represents Deferred Stock Unit dividends accumulated during the year.
Key Figures
Deferred Stock Unit grant 1: 70 units at $0.00
Deferred Stock Unit grant 2: 4,119 units at $0.00
DSUs after larger grant: 9,624 units
+1 more
4 metrics
Deferred Stock Unit grant 1
70 units at $0.00
Grant on May 21, 2026
Deferred Stock Unit grant 2
4,119 units at $0.00
Grant on May 21, 2026
DSUs after larger grant
9,624 units
Total Deferred Stock Units following transaction
Underlying common stock
1-for-1 conversion
Each DSU converts into one common share
Key Terms
Deferred Stock Units, one-for-one basis, separation from service, change in control, +1 more
5 terms
Deferred Stock Units financial
"Deferred Stock Units convert into Crane NXT, Co. common stock on one-for-one basis"
Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.
one-for-one basis financial
"convert into Crane NXT, Co. common stock on one-for-one basis"
separation from service financial
"upon separation from service on the Board of Directors"
change in control financial
"unless termination results from death or change in control of Crane NXT, Co."
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.
forfeited financial
"Deferred Stock Units are forfeited if service terminates before the one-year anniversary"
FAQ
What insider transactions did Crane NXT (CXT) director Sandra Joyce report?
Sandra Joyce reported two grants of Deferred Stock Units in Crane NXT. On May 21, 2026, she received awards of 70 and 4,119 units at $0.00 per unit as part of her Board compensation, not open-market trading.
How many Deferred Stock Units does Sandra Joyce hold after the latest Crane NXT (CXT) grant?
After the larger May 21, 2026 grant, Sandra Joyce holds 9,624 Deferred Stock Units. This figure reflects her updated position in these derivative awards, which are linked to Crane NXT common stock, and does not represent a cash purchase or sale in the market.
When do Sandra Joyce’s Deferred Stock Units in Crane NXT (CXT) convert into common stock?
Her Deferred Stock Units convert into Crane NXT common stock on a one-for-one basis when she separates from service on the Board of Directors. Until that separation event, they remain as deferred units rather than issued common shares.
Under what conditions can Crane NXT (CXT) Deferred Stock Units be forfeited?
Deferred Stock Units are forfeited if Board service ends before the one-year anniversary of the grant. However, they are not forfeited if termination results from death or a change in control of Crane NXT, according to the disclosed terms.
Do the reported Crane NXT (CXT) Deferred Stock Unit grants involve open-market buying or selling?
No, these transactions are compensation-related grants, coded as awards with a $0.00 transaction price. The Form 4 shows no open-market purchases or sales of Crane NXT common stock by Sandra Joyce in the reported transactions.
What is the relationship between Crane NXT (CXT) Deferred Stock Units and common stock?
Each Deferred Stock Unit is designed to convert into one share of Crane NXT common stock when the director separates from Board service. Until conversion, they function as deferred equity-based compensation rather than currently outstanding common shares.