Crane NXT (CXT) director receives new deferred stock unit awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Crane NXT, Co. director Ellen McClain Haime received two compensation awards of Deferred Stock Units on May 21, 2026, for 343 and 4,569 units. These units convert into common stock on a one-for-one basis when she leaves the Board and are generally forfeited if service ends within one year of grant, except in cases of death or a change in control. A portion represents dividend-equivalent units accumulated during the year.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
HAIME ELLEN MCCLAIN
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Units | 4,569 | $0.00 | -- |
| Grant/Award | Deferred Stock Units | 343 | $0.00 | -- |
Holdings After Transaction:
Deferred Stock Units — 33,203 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
Deferred Stock Units grant 1: 343 units
Deferred Stock Units grant 2: 4,569 units
Transaction price per unit: $0.00
+3 more
6 metrics
Deferred Stock Units grant 1
343 units
Awarded May 21, 2026
Deferred Stock Units grant 2
4,569 units
Awarded May 21, 2026
Transaction price per unit
$0.00
Director compensation awards
Conversion ratio
1-for-1
Each unit converts into one share of common stock
Service condition period
1 year
Forfeiture if service ends before one-year anniversary, with exceptions
Derivative transactions count
2
Form 4 derivative-type awards reported
Key Terms
Deferred Stock Units, one-for-one basis, change in control, dividends accumulated
4 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.
one-for-one basis financial
"convert into Crane NXT, Co. common stock on one-for-one basis upon separation"
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.
dividends accumulated financial
"Represents Deferred Stock Unit dividends accumulated during the year."
FAQ
What insider activity did Crane NXT (CXT) report for Ellen McClain Haime?
Crane NXT reported that director Ellen McClain Haime received two grants of Deferred Stock Units, for 343 and 4,569 units. These are compensation awards, not open-market purchases or sales of Crane NXT common stock.
How many Deferred Stock Units did the Crane NXT (CXT) director receive?
The director received 343 Deferred Stock Units in one transaction and 4,569 units in another. Each unit represents the right to receive one share of Crane NXT common stock upon separation from service on the Board.
When do Crane NXT (CXT) Deferred Stock Units convert into common stock?
The Deferred Stock Units convert into Crane NXT common stock on a one-for-one basis when the director separates from service on the Board. This means each unit will become one share at that time, subject to the plan’s conditions.
Under what conditions are Crane NXT (CXT) Deferred Stock Units forfeited?
The Deferred Stock Units are forfeited if the director’s service ends before the one-year anniversary of the grant. The forfeiture does not apply when termination results from death or a change in control of Crane NXT, according to the disclosure.