Crane NXT (CXT) director William Grogan awarded 6,492 deferred stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Crane NXT, Co. director William K. Grogan reported receiving a grant and related dividends totaling 6,492 Deferred Stock Units as of May 21, 2026. These awards are compensation-type acquisitions, with no open-market buying or selling involved.
The Deferred Stock Units convert into Crane NXT common stock on a one-for-one basis when Grogan separates from service on the Board of Directors. The units are generally 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.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Grogan William K
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Units | 6,366 | $0.00 | -- |
| Grant/Award | Deferred Stock Units | 126 | $0.00 | -- |
Holdings After Transaction:
Deferred Stock Units — 16,172 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
Dividend-related Deferred Stock Units: 126 units
Granted Deferred Stock Units: 6,366 units
Total new Deferred Stock Units: 6,492 units
+3 more
6 metrics
Dividend-related Deferred Stock Units
126 units
Dividend equivalents accumulated during the year
Granted Deferred Stock Units
6,366 units
Compensation grant on May 21, 2026
Total new Deferred Stock Units
6,492 units
Combined grant and dividend-related units
Deferred Stock Units after transactions
16,298 units
Holdings following reported awards
Grant price per unit
$0.00
Deferred Stock Unit awards on May 21, 2026
Conversion ratio
1-for-1
Each Deferred Stock Unit converts into one common share
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 did Crane NXT (CXT) director William K. Grogan report in this Form 4?
William K. Grogan reported receiving 6,492 Deferred Stock Units as compensation on May 21, 2026. These derivative awards increase his deferred equity exposure to Crane NXT without any open-market stock purchases or sales.
How do Crane NXT (CXT) Deferred Stock Units reported by Grogan work?
The Deferred Stock Units convert into Crane NXT common stock on a one-for-one basis when Grogan leaves the Board. They function as deferred equity compensation, giving him future shares instead of current cash, subject to the plan’s vesting and forfeiture conditions.
What are the forfeiture conditions for Grogan’s Crane NXT Deferred Stock Units?
The filing states the Deferred Stock Units are forfeited if Grogan’s board service ends before the one-year anniversary of the grant, unless his termination results from death or a change in control of Crane NXT, in which cases the usual forfeiture provision does not apply.
How many Crane NXT Deferred Stock Units does Grogan hold after these transactions?
One transaction line shows Grogan holding 16,298 Deferred Stock Units after the reported awards. These units represent a deferred right to receive an equivalent number of Crane NXT common shares upon his separation from service on the Board.
What portion of Grogan’s Crane NXT Deferred Stock Units came from dividends?
A footnote explains that 126 Deferred Stock Units represent dividends accumulated during the year. Those units are in addition to the larger grant, reflecting the reinvestment of dividend equivalents into additional Deferred Stock Units tied to Crane NXT common stock.