Crane NXT (CXT) SVP awarded stock options and performance RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Crane NXT, Co. senior vice president Samuel Keayes reported equity compensation awards in the form of options and restricted share units. He received 8,017 employee stock options, which become exercisable 25% per year over four years starting on the first anniversary of the grant date.
He was also granted 6,370 2026 performance-based RSUs, each representing a contingent right to receive between 0 and 2.00 shares of common stock, vesting on December 31, 2028 if multi-year performance criteria are met and employment continues. In addition, he received 3,185 time-based RSUs, which convert one-for-one into common stock and vest 25% per year over four years from the first anniversary of the grant date.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Keayes Samuel
Role
SVP, Security & Auth. Tech.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Employee Stock Option (Right to Buy) | 8,017 | $0.00 | -- |
| Grant/Award | 2026 Performance-Based Restricted Share Unit | 6,370 | $0.00 | -- |
| Grant/Award | Restricted Share Unit | 3,185 | $0.00 | -- |
Holdings After Transaction:
Employee Stock Option (Right to Buy) — 8,017 shares (Direct);
2026 Performance-Based Restricted Share Unit — 6,370 shares (Direct);
Restricted Share Unit — 10,543 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 equity awards did Crane NXT (CXT) grant to SVP Samuel Keayes?
Crane NXT granted Samuel Keayes 8,017 employee stock options, 6,370 2026 performance-based restricted share units, and 3,185 time-based restricted share units. These awards provide potential future common stock, subject to vesting schedules and, for performance units, achievement of specified performance criteria.
How do the new stock options for Crane NXT (CXT) SVP vest?
The 8,017 employee stock options vest in equal installments of 25% per year over four years, beginning on the first anniversary of the grant date. This structure is designed to align ongoing value with continued service over a multi-year period.
What are the terms of the 2026 performance-based RSUs at Crane NXT (CXT)?
Each of the 6,370 2026 performance-based RSUs can convert into between 0 and 2.00 shares of Crane NXT common stock. They vest on December 31, 2028 if performance criteria for each fiscal year in the three-year period are achieved and employment continues.
Does the Crane NXT (CXT) SVP pay for these option and RSU grants?
The Form 4 reports a grant or award acquisition with a transaction price of $0.0000 per unit, indicating these are compensation awards rather than open-market purchases. Any future value depends on vesting, performance conditions, and the company’s stock price.