MAX H. MITCHELL - 12 Feb 2024 Form 4 Insider Report for Crane Co (CR)

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	CR	2024 Performance-Based RSU	Award	$0	+24,856		$0	24,856	12 Feb 2024	Common Stock	24,856		Direct	F1, F2
transaction	CR	Employee Stock Option (Right to Buy)	Award	$0	+26,857		$0	26,857	12 Feb 2024	Common Stock	26,857	$124.8	Direct	F3
transaction	CR	Restricted Share Unit	Award	$0	+9,038	+59.34%	$0	24,270	12 Feb 2024	Common Stock	9,038		Direct	F4, F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Id	Content
F1	Each 2024 Performance-Based RSU represents a contingent right to receive a number of shares of Crane Company common stock between zero and 2.00.
F2	2024 Performance-Based RSUs vest on December 31, 2026, if Crane Company's common stock achieves certain performance criteria for each fiscal year over the three years ending December 31, 2026, and contingent on continued employment with Crane Company, subject to certain exceptions.
F3	Options become exercisable 25% on the first anniversary, 50% on the second anniversary, 75% on the third anniversary and 100% on the fourth anniversary of the date of grant.
F4	Restricted Share Units convert into common stock on a one-for-one basis.
F5	Restricted Share Units vest ratably in four equal installments beginning on the first anniversary of the grant date.