Igoe Paul Gerard 4

What Happened

• Paul Gerard Igoe, SVP, General Counsel & Secretary of Crane NXT (CXT), had 4,739 previously granted Restricted Share Units (RSUs) vest and convert into 4,739 common shares on 2026-03-20. The RSUs converted one-for-one (exercise/conversion code M; exercise price $0.00).
• To satisfy tax withholding, 1,438 shares were surrendered/withheld (reporting code F) at $41.56 per share for a withholding value of $59,763. After withholding, Igoe received a net 3,301 shares. The filing shows the RSU derivative was cancelled upon conversion (disposition to issuer, code D).

Key Details

• Transaction date: 2026-03-20; Form 4 filed 2026-03-23 (appears timely).
• Vesting/conversion: 4,739 RSUs → 4,739 common shares (M; $0.00 exercise price).
• Tax withholding: 1,438 shares withheld/disposed at $41.56 each = $59,763 (F).
• Net shares delivered to insider: 3,301 shares.
• Footnotes: F1–F3 state these were previously reported RSUs, convert 1-for-1, and vest 25% per year over four years beginning on the first anniversary of the grant.
• Total gross market value of vested shares at $41.56 ≈ $196,949; net value of issued shares (3,301 × $41.56) ≈ $137,190. (Values based on the per-share price reported for the withholding.)

Context

• This was not an open-market purchase or sale but a routine vesting/settlement of RSUs. The withholding of shares to cover taxes is a common administrative action and does not necessarily signal an independent buy or sell decision by the insider.
• For derivative transactions: code M denotes conversion/exercise of the RSU award; code F indicates shares withheld for tax obligations; code D reflects cancellation/disposition of the RSU derivative upon conversion.