Crane NXT (NYSE: CXT) SVP reports RSU vesting and tax share withholding
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. On the vesting of 4,739 previously granted restricted share units, those units converted into an equal number of common shares on a one-for-one basis. To satisfy tax obligations, 1,438 common shares were disposed of at $41.56 per share, reducing the net shares retained. Following these transactions, Igoe directly held 11,723 shares of Crane NXT common stock.
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 |
|---|---|---|---|---|
| Disposition | Restricted Share Unit | 4,739 | $0.00 | -- |
| Exercise | COMMON STOCK | 4,739 | $0.00 | -- |
| Tax Withholding | COMMON STOCK | 1,438 | $41.56 | $60K |
Holdings After Transaction:
Restricted Share Unit — 13,007 shares (Direct);
COMMON STOCK — 13,161 shares (Direct)
Footnotes (1)
- Represents vesting of 4,739 previously reported Restricted Share Unit. 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 compensation did CXT executive Paul Gerard Igoe report on this Form 4?
Paul Gerard Igoe reported vesting of 4,739 previously granted restricted share units. These restricted share units converted into an equal number of Crane NXT common shares, reflecting routine equity compensation rather than an open-market stock purchase or sale.