secwatch.observer — SEC 8-K summary
======================================

Issuer:     Crane Co (CR)
CIK:        0001944013
Form:       8-K
Filed at:   2026-01-29T23:59:59+00:00
Accession:  0001944013-26-000026
Event type: leadership
Sentiment:  neutral
Materiality: 0.75
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1944013/000194401326000026/0001944013-26-000026-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1944013/000194401326000026/cr-20260126.htm
  HTML page:      https://secwatch.observer/filing/0001944013-26-000026

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer