other material
confidence high
sentiment neutral
materiality 0.50
Crawford & Company buys 1M Class A shares from Jesse C. Crawford for ~$12.8M
CRAWFORD & CO
- Purchased 1,000,000 Class A shares from Jesse C. Crawford, father of Non-Executive Chair, at 97% of prior close (~$12.81/share).
- Aggregate purchase price ~$12,813,700; 3% discount to market close deemed fair by Audit Committee and Board.
- After closing, Class A outstanding: 28,686,832 shares; Class B outstanding: 18,904,905 shares.
- Transaction approved as related-party per company policy; reduces outstanding share count.