Crane NXT (CXT) SVP reports RSU vesting and tax-share dispositions
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Crane NXT, Co. senior vice president and general counsel Paul Gerard Igoe reported routine equity compensation activity involving restricted share units and common stock. On February 26, 2026, 873 restricted share units vested and converted into 873 common shares on a one-for-one basis, with 265 shares withheld at $51.0200 per share to cover taxes. On February 28, 2026, another 862 restricted share units vested and converted into 862 common shares, with 262 shares withheld at $48.2900 per share for tax obligations. After these transactions, he continued to hold thousands of common shares directly, and the remaining restricted share units vest in 25% annual installments over four years from the grant date.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,735 shares exercised/converted
Mixed
6 txns
Insider
Igoe Paul Gerard
Role
SVP, General Counsel & Sec.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Share Unit | 862 | $0.00 | -- |
| Exercise | COMMON STOCK | 862 | $0.00 | -- |
| Tax Withholding | COMMON STOCK | 262 | $48.29 | $13K |
| Exercise | Restricted Share Unit | 873 | $0.00 | -- |
| Exercise | COMMON STOCK | 873 | $0.00 | -- |
| Tax Withholding | COMMON STOCK | 265 | $51.02 | $14K |
Holdings After Transaction:
Restricted Share Unit — 17,746 shares (Direct);
COMMON STOCK — 8,684 shares (Direct)
Footnotes (1)
- Represents vesting of 873 previously reported Restricted Share Units. Represents vesting of 862 previously reported Restricted Share Units. 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 insider transactions did CXT executive Paul Gerard Igoe report?
Paul Gerard Igoe reported vesting of restricted share units that converted into common stock and share dispositions for taxes. On two February 2026 dates, RSUs vested into 873 and 862 shares, with 265 and 262 shares respectively withheld to satisfy tax obligations.
Were the Crane NXT (CXT) insider transactions open-market buys or sells?
The transactions were not open-market buys or sells; they were RSU vesting and tax-withholding dispositions. Shares converted from restricted share units at no cost and a portion of the resulting common shares was delivered to cover tax liabilities, a common equity compensation mechanism.