Crane NXT (CXT) SVP awarded options and 2026 performance RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Crane NXT, Co. reported that SVP, General Counsel & Secretary Paul Gerard Igoe received new equity awards. On February 25, 2026, he was granted options for 9,867 shares, 7,840 2026 performance-based RSUs, and 3,920 time-based RSUs.
The options and time-based RSUs vest 25% annually over four years starting one year after grant. The 2026 performance-based RSUs may convert into between 0 and 2.00 shares each, vesting on December 31, 2028 if multi-year performance goals and continued employment conditions are met.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Igoe Paul Gerard
Role
SVP, General Counsel & Sec.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Employee Stock Option (Right to Buy) | 9,867 | $0.00 | -- |
| Grant/Award | 2026 Performance-Based Restricted Share Unit | 7,840 | $0.00 | -- |
| Grant/Award | Restricted Share Unit | 3,920 | $0.00 | -- |
Holdings After Transaction:
Employee Stock Option (Right to Buy) — 9,867 shares (Direct);
2026 Performance-Based Restricted Share Unit — 7,840 shares (Direct);
Restricted Share Unit — 19,481 shares (Direct)
Footnotes (1)
- Options become exercisable 25% per year over four years beginning on the first anniversary of the date of grant. Each 2026 Performance-Based Restricted Share Unit (RSU) represents a contingent right to receive a number of shares of issuer common stock between 0 and 2.00. 2026 Performance-Based RSUs vest on December 31, 2028, if issuer's common stock achieves certain performance criteria for each fiscal year over the three years ending December 31, 2028, and contingent on continued employment with issuer, subject to certain exceptions. Restricted Share Units convert into common stock on a one-for-one basis. Restricted Share Units vest 25% per year over four years beginning on the first anniversary of the grant date.
FAQ
What did Crane NXT (CXT) insider Paul Gerard Igoe report on this Form 4?
Paul Gerard Igoe reported receiving equity awards from Crane NXT, Co. The filing shows grants of stock options, 2026 performance-based restricted share units, and time-based restricted share units, all classified as acquisitions rather than open-market purchases or sales.
How many stock options did Paul Gerard Igoe receive from Crane NXT (CXT)?
He received options covering 9,867 shares of Crane NXT common stock. These options vest in equal 25% installments over four years, beginning on the first anniversary of the grant date, aligning his long-term incentives with multi-year company performance.
What are the terms of the 2026 performance-based RSUs granted at Crane NXT (CXT)?
He received 7,840 2026 performance-based RSUs, each potentially converting into between 0 and 2.00 shares. Vesting occurs on December 31, 2028, if stock performance criteria for each fiscal year and continued employment conditions are satisfied.
Are the equity awards to Crane NXT (CXT) insider Paul Gerard Igoe open-market purchases?
No, the awards are classified as grants or other acquisitions from the company, not market purchases. The transaction code “A” indicates grant or award, with a reported price of $0.00 per share, reflecting compensatory equity rather than cash transactions.
When do the 2026 performance-based RSUs at Crane NXT (CXT) vest for Paul Gerard Igoe?
They vest on December 31, 2028, if specific performance criteria are achieved for each fiscal year in the three-year period ending that date. Vesting also requires continued employment with Crane NXT, subject to certain stated exceptions.