Crane Company names Alex Alcala as President and CEO, effective April 27, 2026; Max Mitchell becomes Executive Chairman

Crane Co

Alex Alcala, formerly EVP & COO, promoted to President and CEO; Max Mitchell transitions to Executive Chairman, effective April 27, 2026.
Alcala's base salary rises to $950,000; target cash incentive to 110% of salary; receives $4.15M in long-term incentive awards (55% PRSUs, 25% stock options, 20% RSUs).
Mitchell's base salary reduced to $900,000; target cash incentive to 110% of salary; receives $3.25M in long-term incentive awards (same mix as Alcala).
Both sets of PRSUs vest based on relative total shareholder return over three years; options and RSUs vest ratably over four years.

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