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 David D. Petratis reported compensation-related awards of Deferred Stock Units on May 21, 2026. He acquired 131 Deferred Stock Units and a separate award of 5,243 Deferred Stock Units, each at a stated price of $0.00 per unit.
According to the disclosure, these Deferred Stock Units convert into Crane NXT common stock on a one-for-one basis upon his separation from service on the Board of Directors. The units are generally forfeited if service ends before the one-year anniversary of the grant, except in the case of death or a change in control of Crane NXT. Following the larger award, his direct holdings of Deferred Stock Units were 15,596 units.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
PETRATIS DAVID D
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Units | 5,243 | $0.00 | -- |
| Grant/Award | Deferred Stock Units | 131 | $0.00 | -- |
Holdings After Transaction:
Deferred Stock Units — 15,465 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: 131 units
Deferred Stock Units grant 2: 5,243 units
Deferred Stock Units after larger grant: 15,596 units
+3 more
6 metrics
Deferred Stock Units grant 1
131 units
Awarded May 21, 2026 at $0.00 per unit
Deferred Stock Units grant 2
5,243 units
Awarded May 21, 2026 at $0.00 per unit
Deferred Stock Units after larger grant
15,596 units
Total direct Deferred Stock Units following 5,243-unit award
Conversion ratio
1 unit : 1 share
Deferred Stock Units convert into common stock at separation from board
Transaction price per unit
$0.00
Stated price for each Deferred Stock Unit in both awards
Derivative transactions count
2 transactions
Total derivative-type transactions reported in this Form 4
Key Terms
Deferred Stock Units, change in control, Board of Directors
3 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.
change in control regulatory
"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.
Board of Directors financial
"upon separation from service on the Board of Directors."
The Board of Directors is a group of people chosen by a company's owners to help make big decisions and oversee how the company is run. They act like a team of advisors or managers, making sure the company stays on track and meets its goals. Their choices can influence the company's success and how it grows.
FAQ
What insider transaction did Crane NXT (CXT) report for David D. Petratis?
Crane NXT reported that director David D. Petratis received two awards of Deferred Stock Units on May 21, 2026. The awards covered 131 units and 5,243 units as compensation, with no cash purchase price, increasing his direct deferred unit holdings.
How many Deferred Stock Units did David D. Petratis acquire in this CXT Form 4?
David D. Petratis acquired 131 Deferred Stock Units in one award and 5,243 Deferred Stock Units in another on May 21, 2026. These compensation grants increased his direct Deferred Stock Unit position reported in the filing.
When do the Crane NXT Deferred Stock Units reported for CXT convert into common stock?
The Deferred Stock Units convert into Crane NXT common stock on a one-for-one basis upon separation from service on the Board of Directors. This means Petratis receives an equal number of common shares when his board service ends.
What conditions could cause forfeiture of the CXT Deferred Stock Units granted to David D. Petratis?
The Deferred Stock Units are forfeited if service ends before the one-year anniversary of the grant. An exception applies if termination results from death or a change in control of Crane NXT, in which case the usual forfeiture condition does not apply.
What does the Form 4 say about Deferred Stock Unit dividends for Crane NXT (CXT)?
The filing notes that part of the reported Deferred Stock Units represents dividends accumulated during the year. These dividend-equivalent units are added to the existing Deferred Stock Unit balance rather than being paid out in cash to the director.