Max H. Mitchell, president and CEO of Crane Company (CR), has filed 41 Form 4 transactions across three companies, with a clear pattern of accumulation rather than distribution. His open-market purchases total $694,010, while he has recorded zero open-market sales. The most significant conviction trade came on February 15, 2024, when he purchased $510,300 worth of GT (Goodyear Tire & Rubber) shares. More recently, on January 30, 2026, he added $183,710 in CR stock, marking his second open-market buy in the trailing period. These purchases stand in contrast to the bulk of his activity, which consists of automatic or compensatory events: option exercises (code M), tax-withholding dispositions (code F), and equity grants (code A).
The recent CR transactions illustrate this mix. In February 2026, Mitchell exercised options and had shares withheld to cover taxes on multiple dates—February 6, 7, 10, and 12—with the F-code values ranging from $166,992 to $239,781. A larger tax-withholding event on January 26, 2026, reached $3.24 million, reflecting a substantial option exercise. He also received a grant of CR stock on February 9, 2026, valued at $0 in the filing, and a GT award on April 13, 2026, worth $180,003. His GT holdings also include quarterly grants from 2025, each around $35,000, suggesting ongoing compensation rather than fresh market purchases.
Across all three tickers—CR, GT, and CXT (Crane NXT, from which he appears to have transitioned)—the data show a net buying bias. The only sales are the automatic F-code dispositions to cover tax liabilities, which are not discretionary. Mitchell’s two open-market purchases, totaling $694,010, signal a willingness to deploy personal capital, while his compensation-driven acquisitions continue to build his stake. The absence of any S-code sales or D-code dispositions indicates he has not chosen to reduce his holdings in any of these companies during the filing period.
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