Crane NXT director granted 4,837 deferred stock units
Crane NXT, Co. director Jeff Benck received a grant of 4,837 Deferred Stock Units as compensation.
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Rhea-AI Filing Summary
Crane NXT, Co. director Jeff Benck received a grant of 4,837 Deferred Stock Units as compensation. These units were acquired at a stated price of $0.00 per unit and represent a new derivative position tied to Crane NXT common stock.
The Deferred Stock Units convert into common stock on a one-for-one basis when Benck separates from service on the Board of Directors. The units are forfeited if his board service ends before the one-year anniversary of the grant, unless the termination is due to death or a change in control of Crane NXT. Following this award, Benck directly holds 4,837 Deferred Stock Units.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Units | 4,837 | $0.00 | $0.00 |
Footnotes (2)
- F1. Deferred Stock Units convert into Crane NXT, Co. common stock on one-for-one basis upon separation from service on the Board of Directors.
- F2. 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.
Key Figures
Key Terms
Deferred Stock Units financial
change in control financial
Board of Directors financial
FAQ
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What insider transaction did Crane NXT (CXT) report for director Jeff Benck?
How many Deferred Stock Units did Jeff Benck receive from Crane NXT (CXT)?
When do Jeff Benck’s Deferred Stock Units at Crane NXT (CXT) convert into common stock?
Under what conditions are Jeff Benck’s Crane NXT (CXT) Deferred Stock Units forfeited?
Are Jeff Benck’s Crane NXT (CXT) Deferred Stock Units an open-market purchase or sale?
What is the relationship between the Deferred Stock Units and Crane NXT (CXT) common stock?
AI-generated analysis. How Rhea-AI works. Not financial advice.