UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D. C. 20549
FORM 11-K
| ý | ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | ||||
For the fiscal year ended December 31, 2025
OR
| ¨ | TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | ||||
For the Transition Period from to
Commission File Number: 1-1657
| A. | Full title of the plan and the address of the plan, if different from that of the issuer named below: | ||||
CRANE NXT, CO. SAVINGS AND INVESTMENT PLAN
| B. | Name of issuer of the securities held pursuant to the plan and the address of its principal executive office: | ||||
950 Winter Street 4th Floor North
Waltham, MA 02451
INDEX TO FORM 11-K
| Page | |||||
| REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM | |||||
| FINANCIAL STATEMENTS: | |||||
Statements of Net Assets Available for Benefits as of December 31, 2025 and 2024 | |||||
Statement of Changes in Net Assets Available for Benefits for the year ended December 31, 2025 | |||||
| Notes to Financial Statements | |||||
| SUPPLEMENTAL SCHEDULES: | |||||
Form 5500, Schedule H, Part IV, Line 4i - Schedule of Assets (Held at End of Year) as of December 31, 2025 | |||||
Form 5500, Schedule H, Part IV, Line 4a - Schedule of Delinquent Participant Contributions for year ended December 31, 2025 | |||||
| EXHIBIT: | |||||
| EXHIBIT 23.1 – CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM | |||||
| SIGNATURES | |||||
| NOTE: | All other schedules required by Section 2520.103-10 of the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974 have been omitted because they are not applicable. | ||||
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
To the Plan Participants and Plan Administrator of
Crane NXT, Co. Savings and Investment Plan
Opinion on the Financial Statements
We have audited the accompanying statements of net assets available for benefits of Crane NXT, Co. Savings and Investment Plan (the "Plan") as of December 31, 2025 and 2024, the related statement of changes in net assets available for benefits for the year ended December 31, 2025, and the related notes (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the net assets available for benefits of the Plan as of December 31, 2025 and 2024, and the changes in net assets available for benefits for the year ended December 31, 2025, in conformity with accounting principles generally accepted in the United States of America.
Basis for Opinion
These financial statements are the responsibility of the Plan's management. Our responsibility is to express an opinion on the Plan's financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Plan in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.
Report on Supplemental Schedules
The supplemental schedules of assets (held at end of year) as of December 31, 2025, and delinquent participant contributions for the year ended December 31, 2025, have been subjected to audit procedures performed in conjunction with the audit of the Plan's financial statements. The supplemental schedules are the responsibility of the Plan's management. Our audit procedures included determining whether the supplemental schedules reconcile to the financial statements or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented in the supplemental schedules. In forming our opinion on the supplemental schedules, we evaluated whether the supplemental schedules, including their form and content, are presented in compliance with the Department of Labor's Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. In our opinion, such schedules are fairly stated, in all material respects, in relation to the financial statements as a whole.
/s/DELOITTE & TOUCHE LLP
Stamford, Connecticut
June 25, 2026
We have served as the auditor of the Plan since 2024.
1
CRANE NXT, CO. SAVINGS AND INVESTMENT PLAN
STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS
As of December 31, 2025 and 2024
| 2025 | 2024 | |||||||||||||
| ASSETS: | ||||||||||||||
| INVESTMENTS, AT FAIR VALUE: | ||||||||||||||
| Participant-directed investments | $ | $ | ||||||||||||
| RECEIVABLES: | ||||||||||||||
| Notes receivable from participants | ||||||||||||||
| NET ASSETS AVAILABLE FOR BENEFITS | $ | $ | ||||||||||||
See notes to financial statements.
2
CRANE NXT, CO. SAVINGS AND INVESTMENT PLAN
STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS
FOR THE YEAR ENDED DECEMBER 31, 2025
| Year ended | ||||||||
| 2025 | ||||||||
| ADDITIONS: | ||||||||
| Contributions: | ||||||||
| Participant | $ | |||||||
| Company | ||||||||
| Rollover | ||||||||
| Total contributions | ||||||||
| Investment income: | ||||||||
| Interest income | ||||||||
| Dividends | ||||||||
| Net appreciation in fair value of investments | ||||||||
| Net investment income | ||||||||
| Interest income on notes receivable from participants | ||||||||
| Other additions | ||||||||
| Total additions | ||||||||
| DEDUCTIONS: | ||||||||
| Benefits paid to participants | ||||||||
| Administrative and other expenses | ||||||||
| Total deductions | ||||||||
| INCREASE IN NET ASSETS | ||||||||
| NET ASSETS AVAILABLE FOR BENEFITS: | ||||||||
| Beginning of year | ||||||||
| End of year | $ | |||||||
See notes to financial statements.
3
CRANE NXT, CO. SAVINGS AND INVESTMENT PLAN
NOTES TO FINANCIAL STATEMENTS
NOTE 1 - DESCRIPTION OF THE PLAN
The following description of the Crane NXT, Co. Savings and Investment Plan (the “Plan”) describes the Plan's provisions as in effect on December 31, 2025 and is provided for general information purposes only. Participants should refer to the Plan document for a more complete description of the Plan’s information.
General — Crane NXT, Co. ("Crane NXT") is a global leader in authentication and traceability technologies that secure, detect, and authenticate what matters most to its customers.
The Plan is a defined contribution plan covering certain United States of America (“U.S.”) employees of Crane NXT and its participating affiliates (collectively, the "Company") and includes a qualified cash or deferred arrangement under Section 401(k) of the Internal Revenue Code of 1986, as amended (the “Code”). The Plan is subject to the provisions of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”). The Vanguard Fiduciary Trust Company (“Vanguard”) serves as the trustee and recordkeeper of the Plan.
Since the Plan offers the Crane NXT, Co. Stock Fund ("Crane NXT Stock Fund") as an investment option, the Plan also operates as an Employee Stock Ownership Plan. In addition, the Plan includes the Crane Company Stock Fund ("Crane Company Stock Fund"), a single stock fund. The Crane Company Stock Fund is a frozen fund, which means that, effective April 3, 2023, no amounts are permitted to be invested in the Crane Company Stock Fund.
In December 2025, the Plan began a voluntary liquidation period for the Crane Company Stock Fund, the Crane NXT, Co. Stock Fund and the Crane NXT, Co. Stock Cash Fund. Participants with pre-existing holdings in these funds can move their balance(s) to another investment in the Plan’s line-up by November 2026 at which time a transfer-related blackout period will commence. If participants have assets within any of the funds being removed and do not take any action, at the end of the blackout period their assets will be automatically liquidated from the closed fund and invested into a default investment, the age-appropriate Vanguard Retirement Trust II.
On May 1, 2025, Crane NXT acquired the De La Rue Authentication Solutions business (“De La Rue”). As a result of the acquisition, the De La Rue North America Holdings, Inc. Retirement Plan (the "De La Rue 401(k) Plan") was terminated and De La Rue employees became eligible to participate in the Plan effective May 1, 2025. In connection with the De La Rue acquisition, the Crane Savings Plan Committee (the “Committee”) amended the Plan to update the list of employers participating in the Plan.
Administration of the Plan — The authority to manage, control and interpret the Plan is vested in the Committee, which was appointed by the Board of Directors of Crane NXT and is a named fiduciary within the meaning of ERISA.
Participation — Subject to certain conditions, U.S. employees of the Company are eligible to participate in the Plan. Each new or rehired eligible employee is automatically enrolled in the Plan, unless the employee affirmatively opts out of participation, at a pre-tax deferral rate of 3 % of the employee’s eligible compensation. The deferral rate automatically increases annually by 1 % in January of each plan year (or in such other month designated by the participant), up to a maximum of 6 % of the employee’s eligible compensation (unless the employee affirmatively opts out of the automatic escalation). An employee who is automatically enrolled may affirmatively elect a different rate or elect to make all or a portion of his or her deferrals on a Roth after-tax or after-tax basis. Automatic contributions are invested in the Vanguard Target Retirement Fund option with a target retirement date closest to the year in which the participant will reach age 65, unless the participant affirmatively elects to invest his or her deferrals in one or more of the other Plan investment options. Temporary employees may become eligible to participate in the Plan upon completing six months of service, regardless of the number of hours of service completed.
Contributions and Funding Policy — Generally, participants may elect to contribute to the Plan from 1 % to 75 % of their annual compensation on a pre-tax basis, an after-tax basis, a Roth after-tax basis, or a combination of these three, as defined by the Plan. The contribution limit for highly compensated employees, defined for the 2025 plan year as those whose annual earnings equaled at least $160,000 in 2024, is 10 % of annual compensation. Those participants who meet the eligibility requirements may contribute additional amounts (age 50 catch-up contributions and age 60-63 super catch-up contributions), which are not eligible for a Company matching contribution. Contributions are invested in the Plan investment options selected by the participant and are subject to certain Code limitations.
4
CRANE NXT, CO. SAVINGS AND INVESTMENT PLAN
NOTES TO FINANCIAL STATEMENTS
The Company contributes on a matching basis 50 % of the first 6 % of each participant’s pre-tax or Roth after-tax contributions. In accordance with the Code, participant pre-tax and Roth after-tax contributions could not exceed $23,500 in 2025. Pre-tax catch-up contributions could not exceed $7,500 in 2025, except for those age 60-63, for which the Plan permits the higher catch-up limit of $11,250. Discrimination tests are performed annually, and any test discrepancies are resolved in accordance with applicable Internal Revenue Service (“IRS”) guidance.
In addition to participant deferral contributions and Company matching contributions on those deferrals, the Plan provided a 3 % non-matching Company contribution to eligible participants in 2025.
Both matching and non-matching Company contributions are invested in the same manner as participant contributions.
Rollover Contributions — Rollover contributions from other qualified plans are accepted by the Plan. Rollover contributions represent participant account balances transferred from other qualified plans.
Investments — Participants direct the investment of contributions into various investment options offered by the Plan. The Plan currently offers registered investment companies (including a money market fund), collective trust funds (including a stable value fund) and the Crane NXT Stock Fund as investment options for participants.
Participants are not permitted to invest more than 20 % of their Plan account balance in the Crane NXT Stock Fund investment option. Participants with more than 20 % of their Plan account balance in the Crane NXT Stock Fund investment option are not permitted to contribute to, or transfer money from other Plan investments to the Crane NXT Stock Fund while the fund balance exceeds the 20 % limit.
Participant Accounts — Individual accounts are maintained for each participant in the Plan. Each participant’s account is credited with the participant’s contributions and related matching and non-matching Company contributions and Plan earnings. Participant accounts are also charged with withdrawals and an allocation of Plan losses and administrative fees that are paid by the Plan. Allocations are based on participant earnings or account balances. The benefit to which a participant is entitled is the benefit that can be provided from the participant’s vested account.
Vesting — Participant contributions plus actual earnings thereon are immediately vested. Vesting for matching and non-matching Company contributions generally is as follows:
| Years of Service | Vested Interest | |||||||
| Less than 1 year | ||||||||
| 1 year but less than 2 | ||||||||
| 2 years but less than 3 | ||||||||
| 3 years but less than 4 | ||||||||
| 4 years but less than 5 | ||||||||
| 5 years or more | ||||||||
Participants whose employment terminates by reason of death, permanent disability or retirement at the age of 65 or above are fully vested. Participants also are fully vested upon the attainment of age 65 . Certain accounts that were merged into the Plan are subject to different vesting schedules.
Forfeited Accounts — When certain terminations of participation in the Plan occur, the non-vested portion of the participant's account, as defined by the Plan, represents a forfeiture. These forfeited non-vested accounts are used first to reduce future Company contributions, and then to pay the administrative expenses of the Plan. For the year ended December 31, 2025, Company contributions were reduced by $431,000 from forfeited non-vested accounts. As of December 31, 2025 and 2024, the remaining balance in forfeited non-vested accounts totaled $84,457 and $15,112 , respectively.
5
CRANE NXT, CO. SAVINGS AND INVESTMENT PLAN
NOTES TO FINANCIAL STATEMENTS
Payment of Benefits — Upon retirement, disability, termination of employment or death, a participant or designated beneficiary will receive a distribution in the form of a lump sum, installment or partial payment equal to all or a portion of the participant’s account balance. If the participant’s account balance is greater than $1,000 , the participant may elect to defer the withdrawal until reaching the age of 73 . A participant may apply for a distribution in cases of hardship.
Notes Receivable from Participants — Participants may borrow from their accounts a minimum of $1,000 up to a maximum equal to $50,000 or 50 % of their vested account balance, whichever is less. Loans are secured by an assignment of the participant’s vested interest in the Plan, and bear interest at the prevailing prime lending rate as of the date the loan is made, plus 2 %. Principal and interest are paid ratably through payroll deductions. Loan terms range from to five years or up to fifteen years for the purchase of a primary residence. Participants may not have more than two loans outstanding at any time. As of December 31, 2025, participant loans have maturities through 2040 at interest rates ranging from 2.00 % to 10.50 %. Certain participant accounts that were merged or transferred into the Plan from other plans, may be subject to different loan terms.
NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The following is a summary of the significant accounting policies followed in preparation of the financial statements of the Plan.
Basis of Accounting — The financial statements of the Plan have been prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”).
Use of Estimates — The preparation of financial statements in conformity with GAAP requires Plan management to make estimates and assumptions that affect the reported amounts of assets available for benefits and changes therein and disclosure of contingent assets and liabilities. Actual results could differ from those estimates.
Risks and Uncertainties — The Plan utilizes various investment instruments, including registered investment companies (including a money market fund), collective trust funds (including a stable value fund), the Crane Company Stock Fund and the Crane NXT Stock Fund. Investment securities, in general, are exposed to various risks, such as interest rate, credit, and overall market volatility. Due to the level of risk associated with certain investment securities, it is reasonably possible that changes in the values of investment securities will occur in the near term and that such changes could materially affect the amounts reported in the financial statements.
Investment Valuation — The Plan’s investments are stated at fair value. Fair value of a financial instrument is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.
Notes Receivable from Participants — Notes receivable from participants are measured at their unpaid principal balance plus any accrued but unpaid interest. Delinquent participant loans are recorded as benefits paid to participants based on the terms of the Plan document.
6
CRANE NXT, CO. SAVINGS AND INVESTMENT PLAN
NOTES TO FINANCIAL STATEMENTS
Administrative Expenses — Plan administrative expenses are paid out of the Plan assets or by the Company in compliance with the terms of the Plan document and ERISA guidance. Participants pay an annual recordkeeping fee as well as transaction based fees, if applicable.
Payment of Benefits — Benefit payments to participants are recorded upon distribution. There were no participants who requested a distribution from the Plan, but who had not yet been paid such distribution as of December 31, 2025 and 2024.
Contributions — Participant contributions and Company matching and non-matching contributions are recorded when withheld.
NOTE 3. FAIR VALUE MEASUREMENTS
ASC 820, Fair Value Measurements and Disclosures, provides a framework for measuring fair value. Fair value of a financial instrument is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. That framework provides a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value, as follows: Level 1, which refers to securities valued using unadjusted quoted prices from active markets for identical assets; Level 2, which refers to securities not traded on an active market but for which observable market inputs are readily available; and Level 3, which refers to securities valued based on significant unobservable inputs. Assets are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. The Plan’s policy is to recognize significant transfers between levels at the end of the reporting period. There were no transfers between levels for the period ended December 31, 2025.
The following is a description of the valuation methodologies used for assets measured at fair value:
Investments in Registered Investment Companies: Valued at the daily closing price as reported by the respective funds based on quoted market prices from active markets and categorized as Level 1.
Crane Company Stock Fund and Crane NXT Stock Fund: Separately managed accounts that are valued daily based on the underlying stock's closing price on its primary exchange. The funds own the underlying securities of the separately managed accounts and are considered separately as individual investments for accounting and financial statement reporting purposes. Both Crane Company common stock and Crane NXT common stock are categorized as Level 1.
Collective Trust Funds: Valued at the net asset value ("NAV") of units of a bank collective trust held by the Plan at year-end. The NAV is used as a practical expedient to estimate fair value and is based on the fair value of the underlying investments held by the fund less its liabilities. This practical expedient would not be used if it is determined to be probable that the fund will sell the investment for an amount different from the reported NAV. Participant transactions (issuances and redemptions) may occur daily. Were the Plan to initiate a full redemption of the collective trust, the investment advisor reserves the right to temporarily delay withdrawal from the trust in order to ensure the securities liquidations will be carried out in an orderly business manner. Due to the nature of these funds, there are no unfunded commitments or redemption restrictions.
Stable Value Fund - A collective trust fund that is composed primarily of fully benefit-responsive investment contracts and valued at the NAV of units. The NAV is used as a practical expedient to estimate fair value. This practical expedient would not be used if it is determined to be probable that the fund will sell the investment for an amount different from the reported NAV. Participant transactions (issuances and redemptions) may occur daily. If the Plan initiates a full redemption of the collective trust, the issuer reserves the right to require 12 months’ notification in order to confirm that securities liquidations
7
CRANE NXT, CO. SAVINGS AND INVESTMENT PLAN
NOTES TO FINANCIAL STATEMENTS
will be carried out in an orderly business manner. Due to the nature of the fund, there are no unfunded commitments or redemption restrictions.
The Vanguard Retirement Savings Trust III is a collective trust fund sponsored by Vanguard (the “Fund”). The beneficial interest of each participant is represented by units. Units are issued and redeemed daily at the Fund’s constant NAV of $1 per unit. Distribution to the Fund’s unit holders is declared daily from the net investment income and automatically reinvested in the Fund on a monthly basis, when paid. It is the policy of the Fund to use best efforts to maintain a stable NAV of $1 per unit; although there is no guarantee that the Fund will be able to maintain this value.
The following tables set forth by level within the fair value hierarchy a summary of the Plan’s investments measured at fair value on a recurring basis as of December 31, 2025 and 2024.
Fair Value Measurements as of December 31, 2025 Using: | ||||||||||||||||||||||||||
| Active Markets for Identical Assets (Level 1) | Other Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Total | |||||||||||||||||||||||
| Registered Investment Companies: | ||||||||||||||||||||||||||
| Domestic stock funds | $ | $ | $ | $ | ||||||||||||||||||||||
| International stock funds | ||||||||||||||||||||||||||
| Bond fund | ||||||||||||||||||||||||||
| Money market fund | ||||||||||||||||||||||||||
| Crane Company Stock | ||||||||||||||||||||||||||
| Crane NXT Stock | ||||||||||||||||||||||||||
| Total | $ | $ | $ | $ | ||||||||||||||||||||||
| Investments measured at NAV: | ||||||||||||||||||||||||||
| Collective trust funds | $ | |||||||||||||||||||||||||
| Stable value fund | ||||||||||||||||||||||||||
| Total investments | $ | |||||||||||||||||||||||||
Fair Value Measurements as of December 31, 2024 Using: | ||||||||||||||||||||||||||
| Active Markets for Identical Assets (Level 1) | Other Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Total | |||||||||||||||||||||||
| Registered Investment Companies: | ||||||||||||||||||||||||||
| Domestic stock funds | $ | $ | $ | $ | ||||||||||||||||||||||
| International stock funds | ||||||||||||||||||||||||||
| Bond fund | ||||||||||||||||||||||||||
| Money market fund | ||||||||||||||||||||||||||
| Crane Company Stock | ||||||||||||||||||||||||||
| Crane NXT Stock | ||||||||||||||||||||||||||
| Total | $ | $ | $ | $ | ||||||||||||||||||||||
| Investments measured at NAV: | ||||||||||||||||||||||||||
| Collective trust funds | $ | |||||||||||||||||||||||||
| Stable value fund | ||||||||||||||||||||||||||
| Total investments | $ | |||||||||||||||||||||||||
8
CRANE NXT, CO. SAVINGS AND INVESTMENT PLAN
NOTES TO FINANCIAL STATEMENTS
NOTE 4. EXEMPT PARTY-IN-INTEREST AND RELATED PARTY TRANSACTIONS
Certain Plan investments are shares of Crane NXT and Crane Company common stock and registered investment companies and collective trust funds managed by Vanguard. Crane NXT is the Plan sponsor and Vanguard is a trustee as defined by the Plan (see Note 1), and, therefore, these investment transactions qualify as exempt party-in-interest transactions. Balances of Vanguard managed funds as of December 31, 2025 and 2024 were $365,437,281 and $322,753,323 , respectively. These funds had net investment income of $52,778,997 for the year ended December 31, 2025. Fees incurred for investment management services, if any, were paid by the Plan as a reduction in the return on investment.
Crane Company and its subsidiaries were identified as related parties of Crane NXT. The following tables set forth the Plan investment details for the two companies.
As of December 31, 2025 and for the year ended December 31, 2025 | |||||||||||||||||||||||||||||
| Investment | Shares | Cost basis | Fair Value | Investment Income | |||||||||||||||||||||||||
| Crane NXT | $ | $ | $ | ( | |||||||||||||||||||||||||
| Crane Company | $ | $ | $ | ||||||||||||||||||||||||||
As of December 31, 2024 | ||||||||||||||||||||||||||
| Investment | Shares | Cost basis | Fair Value | |||||||||||||||||||||||
| Crane NXT | $ | $ | ||||||||||||||||||||||||
| Crane Company | $ | $ | ||||||||||||||||||||||||
Certain officers and employees of the Company (who may also be participants in the Plan) perform administrative services related to the operation and financial reporting of the Plan. The Company pays these individuals salaries and also pays other administrative expenses on behalf of the Plan. Notes receivable from participants also qualify as exempt party-in-interest transactions.
NOTE 5. NONEXEMPT PARTY-IN-INTEREST TRANSACTIONS
The Company remitted participant contributions of $396 to the trust later than may be required by Department of Labor Regulation 2510.3-102 in May 2024 when OpSec employees first began participating in the Plan. In 2025, the Company corrected the late participant contributions through the self-correction component of the Voluntary Fiduciary Correction Program ("VFCP") and Prohibited Transaction Exemption 2002-51, as amended, which included crediting participant accounts with the amount of lost earnings and interest in accordance with the VFCP self-correction component.
NOTE 6. PLAN TERMINATION
The Company expects to continue the Plan indefinitely, but reserves the right to modify, suspend or terminate the Plan at any time, which includes the right to vary the amount of, or to terminate, the Company’s contributions to the Plan. In the event of the Plan’s termination or discontinuance of contributions thereunder, the interest of each participant in benefits earned to such date, to the extent then funded, is fully vested and non-forfeitable. Subject to the requirements of the Code, the Board of Directors shall thereupon direct either (i) Vanguard to hold the accounts of participants in accordance with the provisions of the Plan without regard to such termination until all funds in such accounts have been distributed in accordance with such provisions, or (ii) Vanguard to immediately distribute to each participant all amounts then credited to the participant’s account as a lump sum.
9
CRANE NXT, CO. SAVINGS AND INVESTMENT PLAN
NOTES TO FINANCIAL STATEMENTS
NOTE 7. FEDERAL INCOME TAX STATUS
The Company received a favorable determination letter from the IRS dated November 18, 2024 stating that the Plan and related trust are qualified under the applicable sections of the Code, and therefore, the Plan and related trust are tax-exempt. The Plan has been amended since receiving the determination letter. However, the Company and Plan management believe that the Plan is currently designed and operated in compliance with the applicable requirements of the Internal Revenue Code, and that the Plan and related trust continue to be tax-exempt.
GAAP requires Plan management to evaluate uncertain tax positions taken by the Plan. The financial statement effects of a tax position are recognized when the position is more likely than not, based on the technical merits, to be sustained upon examination by the IRS. The Plan sponsor has analyzed the tax positions taken by the Plan, and has concluded that as of December 31, 2025, there are no uncertain positions taken or expected to be taken. The Plan has recognized no interest or penalties related to uncertain tax positions. The Plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.
NOTE 8. RECONCILIATION OF FINANCIAL STATEMENTS TO FORM 5500
The following is a reconciliation of assets available for benefits per the financial statements as of December 31, 2025 and 2024, to Form 5500:
| 2025 | 2024 | |||||||||||||
| Statement of Net Assets Available for Benefits: | ||||||||||||||
| Assets available for benefits per the financial statements | $ | $ | ||||||||||||
| Deemed distributions | ( | ( | ||||||||||||
| Net assets per the Form 5500 | $ | $ | ||||||||||||
The following is a reconciliation of the changes in net assets per the financial statements for the year ended December 31, 2025, to Form 5500:
| 2025 | ||||||||||||||
| Statement of Changes in Net Assets Available for Benefits: | ||||||||||||||
| Increase in assets available for benefits per the financial statements | $ | |||||||||||||
| Deemed distributions | ||||||||||||||
| Net income per the Form 5500 | $ | |||||||||||||
10
SUPPLEMENTAL SCHEDULES
11
CRANE NXT, CO. SAVINGS AND INVESTMENT PLAN
FORM 5500, SCHEDULE H, PART IV, LINE 4i—SCHEDULE OF ASSETS
(HELD AT END OF YEAR)
EMPLOYER ID NO: 88-0706021
PLAN ID NO: 001
December 31, 2025
| ( a ) | ( b ) | ( c ) | ( d ) | ( e ) | ||||||||||||||||||||||
| Identity of Issue, Borrower, Lessor or Similar Party | Description of Investment, Including Maturity Date, Rate of Interest, Collateral, and Par or Maturity Value | Cost | Current Value | |||||||||||||||||||||||
| American Funds EUPAC Fund; Class R-6 | Registered Investment Company | ** | $ | |||||||||||||||||||||||
| Carillon Eagle Mid Cap Growth Fund; Class R6 | Registered Investment Company | ** | ||||||||||||||||||||||||
| JP Morgan Large Cap Growth Fund; Class R6 | Registered Investment Company | ** | ||||||||||||||||||||||||
| Dodge & Cox Income Fund; Class X | Registered Investment Company | ** | ||||||||||||||||||||||||
| * | Vanguard Equity Income Fund Admiral Shares | Registered Investment Company | ** | |||||||||||||||||||||||
| * | Vanguard Federal Money Market Fund | Registered Investment Company | ** | |||||||||||||||||||||||
| * | Vanguard Institutional Index Fund Institutional Shares | Registered Investment Company | ** | |||||||||||||||||||||||
| * | Vanguard Mid-Cap Index Fund Institutional Shares | Registered Investment Company | ** | |||||||||||||||||||||||
| * | Vanguard Small-Cap Index Fund Institutional Shares | Registered Investment Company | ** | |||||||||||||||||||||||
| * | Vanguard Total Bond Market Index Fund Institutional Shares | Registered Investment Company | ** | |||||||||||||||||||||||
| * | Vanguard Total International Stock Index Fund Institutional Shares | Registered Investment Company | ** | |||||||||||||||||||||||
| MFS Mid Cap Value Fund; CT | Common/Collective Trust | ** | ||||||||||||||||||||||||
| * | Vanguard Retirement Savings Trust III | Common/Collective Trust | ** | |||||||||||||||||||||||
| * | Vanguard Target Retirement 2020 Trust II | Common/Collective Trust | ** | |||||||||||||||||||||||
| * | Vanguard Target Retirement 2025 Trust II | Common/Collective Trust | ** | |||||||||||||||||||||||
| * | Vanguard Target Retirement 2030 Trust II | Common/Collective Trust | ** | |||||||||||||||||||||||
| * | Vanguard Target Retirement 2035 Trust II | Common/Collective Trust | ** | |||||||||||||||||||||||
| * | Vanguard Target Retirement 2040 Trust II | Common/Collective Trust | ** | |||||||||||||||||||||||
| * | Vanguard Target Retirement 2045 Trust II | Common/Collective Trust | ** | |||||||||||||||||||||||
| * | Vanguard Target Retirement 2050 Trust II | Common/Collective Trust | ** | |||||||||||||||||||||||
| * | Vanguard Target Retirement 2055 Trust II | Common/Collective Trust | ** | |||||||||||||||||||||||
| * | Vanguard Target Retirement 2060 Trust II | Common/Collective Trust | ** | |||||||||||||||||||||||
| * | Vanguard Target Retirement 2065 Trust II | Common/Collective Trust | ** | |||||||||||||||||||||||
| * | Vanguard Target Retirement 2070 Trust II | Common/Collective Trust | ** | |||||||||||||||||||||||
| * | Vanguard Target Retirement Income Trust II | Common/Collective Trust | ** | |||||||||||||||||||||||
| Crane Company Stock | Corporate Stocks (other than Employer Securities) | ** | ||||||||||||||||||||||||
| * | Crane NXT Co. Stock | Employer Securities | ** | |||||||||||||||||||||||
| * | Various Participants | Participant Loans (Loans have interest rates ranging from | *** | |||||||||||||||||||||||
| $ | ||||||||||||||||||||||||||
| * | Represents a party-in-interest to the Plan. | ||||
| ** | Cost information is not required for participant-directed investments and therefore is not included. | ||||
| *** | Represents total loans outstanding, net of $ | ||||
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CRANE NXT, CO. SAVINGS AND INVESTMENT PLAN
FORM 5500, SCHEDULE H, PART IV, LINE 4a—SCHEDULE OF DELINQUENT PARTICIPANT CONTRIBUTIONS
EMPLOYER ID NO: 88-0706021
PLAN ID NO: 001
For the year ended December 31, 2025
| Participant Contributions Transferred Late to the Plan | Total that Constitute Nonexempt Prohibited Transactions | Total Fully Corrected Under VFCP and PTE 2002-51 | ||||||||||||
aCheck here if Late Participant Loan Repayments are Included | Contributions Not Corrected | Contributions Corrected Outside VFCP | Contributions Pending Correction in VFCP | |||||||||||
| 2024 participant contributions transferred late to the Plan* | $ | $ | $ | $ | ||||||||||
| *Participant loan repayments are not included in the late 2024 participant contribution. | ||||||||||||||
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EXHIBIT INDEX
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Crane Savings Plan Committee has duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized.
| CRANE SAVINGS PLAN COMMITTEE | ||||||||
| /s/ Christina Cristiano | ||
| Christina Cristiano | ||
| On behalf of the Committee | ||
Waltham, MA
June 25, 2026
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