---
schema_version: "secwatch.filing_event.v1"
accession: "0001944013-26-000026"
form_type: "8-K"
ticker: "CR"
cik: "0001944013"
company_name: "Crane Co"
filed_at: "2026-01-29T23:59:59+00:00"
generated_at: "2026-05-16T06:34:59.355836+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001944013-26-000026
- form_type: 8-K
- ticker: CR
- cik: 0001944013
- company_name: Crane Co
- filed_at: 2026-01-29T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1944013/000194401326000026/0001944013-26-000026-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1944013/000194401326000026/cr-20260126.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001944013-26-000026
- JSON: https://secwatch.observer/filing/0001944013-26-000026.json
- Plain text: https://secwatch.observer/filing/0001944013-26-000026.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.