Papanikolaou Marijane V. 4
4 · Crane Co · Filed Feb 11, 2026
Research Summary
AI-generated summary of this filing
Crane Co (CR) VP Controller Marijane Papanikolaou Receives Equity Awards
What Happened
Marijane V. Papanikolaou, Vice President, Controller & Chief Accounting Officer of Crane Co (CR), received three equity awards on February 9, 2026: 500, 567 and 250 derivative units (total 1,317). Each award was granted at $0.00 (no cash paid). These are compensation grants (performance- and time-based equity) rather than open‑market purchases or sales.
Key Details
- Transaction date: February 9, 2026; Form 4 filed February 11, 2026 (filed within the typical two-business-day reporting window).
- Grants: 500, 567 and 250 derivative units (total 1,317); price reported $0.00 (awarded).
- Shares owned after transaction: not provided in the supplied details.
- Footnotes indicate multiple award types and vesting rules:
- Some awards are 2026 Performance-Based RSUs (contingent on performance through Dec 31, 2028 and continued employment).
- Some awards are Restricted Share Units that convert one-for-one to common stock and vest ratably over four years.
- Some awards reference option vesting (25% per year over four years).
- Transaction code: A = Grant/Award. No tax withholding or 10b5-1 plan noted in the provided data.
Context
These are company compensation awards (derivative grants), not purchases or sales. Performance-based RSUs pay out only if specified performance goals are met and the recipient remains employed; time‑based RSUs convert to shares as they vest. Option-style awards (if present) vest over a multi‑year schedule. Such grants are routine for executives and reflect compensation structure rather than a direct buy/sell signal by the insider.
Insider Transaction Report
- Award
2026 Performance-Based RSU
[F1][F2]2026-02-09+500→ 500 total→ Common Stock (500 underlying) - Award
Employee Stock Option (Right to Buy)
[F3]2026-02-09+567→ 567 totalExercise: $199.99Exp: 2036-02-09→ Common Stock (567 underlying) - Award
Restricted Share Unit
[F4][F5]2026-02-09+250→ 1,856 total→ Common Stock (250 underlying)
Footnotes (5)
- [F1]Each 2026 Performance-Based RSU represents a contingent right to receive a number of shares of Crane Company common stock between zero and 2.00.
- [F2]2026 Performance-Based RSUs vest on December 31, 2028, if Crane Company's common stock achieves certain performance criteria for each fiscal year over the three years ending December 31, 2028, 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.