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Crane Company director was just granted 2,079 restricted shares

Martin R Benante, a director of Crane Company, just received 2,079 restricted shares from the company. The restricted shares don't become available to Benante until such time as they become vested. Benante now owns at least 7,890 restricted shares of the company.

Some additional info was provided as follows:

Each Deferred Stock Unit represents the right to receive one share of Crane Co. common stock upon separation from service on the Board of Directors. Following separation from service on the Board of Directors, the Director will receive one share of Crane Co. common stock for each Deferred Stock Unit; however, if the Director's service terminates before the first anniversary of the Grant, except for reasons of death, or a change in control of Crane Co., then the right to receive such shares will expire. Additional Deferred Stock Units are granted during the year to coincide with payment of dividends of Crane Co. Stock.

The above information was disclosed in a filing to the SEC. To see the filing, click here.

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Other recent filings from the company include the following:

Crane Company director was just granted 5,314 restricted shares - April 27, 2016
Crane Company director was just granted 2,162 restricted shares - April 27, 2016
Crane Company director was just granted 3,445 restricted shares - April 27, 2016
Crane Company director was just granted 2,502 restricted shares - April 27, 2016