Crane NXT (CXT) director Jeff Benck awarded 4,837 Deferred Stock Units
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Benck Jeff
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Units | 4,837 | $0.00 | -- |
Holdings After Transaction:
Deferred Stock Units — 4,837 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.
Key Figures
Deferred Stock Units granted: 4,837 units
Conversion ratio: 1-for-1 into common stock
Total DSUs after grant: 4,837 units
+1 more
4 metrics
Deferred Stock Units granted
4,837 units
Grant to director Jeff Benck on May 21, 2026
Conversion ratio
1-for-1 into common stock
Units convert to Crane NXT common shares upon board separation
Total DSUs after grant
4,837 units
Direct holdings following the reported transaction
Grant price per unit
$0.00 per unit
Compensation award, not an open-market purchase
Key Terms
Deferred Stock Units, change in control, Board of Directors
3 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.
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.
Board of Directors financial
"upon separation from service on the Board of Directors."
The Board of Directors is a group of people chosen by a company's owners to help make big decisions and oversee how the company is run. They act like a team of advisors or managers, making sure the company stays on track and meets its goals. Their choices can influence the company's success and how it grows.
FAQ
What insider transaction did Crane NXT (CXT) report for director Jeff Benck?
Crane NXT reported that director Jeff Benck received 4,837 Deferred Stock Units as a grant. These units were awarded at a stated price of $0.00 per unit and function as stock-based compensation tied to future conversion into Crane NXT common shares.
How many Deferred Stock Units did Jeff Benck receive from Crane NXT (CXT)?
Jeff Benck received a grant of 4,837 Deferred Stock Units from Crane NXT. This entire amount represents a new award, and after the transaction he directly holds 4,837 Deferred Stock Units linked to an equivalent number of underlying Crane NXT common shares.
When do Jeff Benck’s Deferred Stock Units at Crane NXT (CXT) convert into common stock?
The Deferred Stock Units convert into Crane NXT common stock on a one-for-one basis upon Benck’s separation from service on the Board of Directors. At that time, each unit becomes one share, subject to prior vesting and forfeiture conditions described in the award terms.
Under what conditions are Jeff Benck’s Crane NXT (CXT) Deferred Stock Units forfeited?
The Deferred Stock Units are forfeited if Jeff Benck’s service on the Board ends before the one-year anniversary of the grant. An exception applies if his termination results from death or from a change in control of Crane NXT, in which case forfeiture does not apply.
Are Jeff Benck’s Crane NXT (CXT) Deferred Stock Units an open-market purchase or sale?
The transaction is a grant of 4,837 Deferred Stock Units classified as an acquisition under transaction code A. It reflects stock-based compensation rather than an open-market purchase or sale of existing Crane NXT common shares on a stock exchange.
What is the relationship between the Deferred Stock Units and Crane NXT (CXT) common stock?
Each Deferred Stock Unit corresponds to one share of Crane NXT common stock. Upon Benck’s separation from the Board, the units convert on a one-for-one basis into common shares, assuming vesting conditions are met and no forfeiture has occurred under the award’s terms.