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Cristen Kogl

Director at Crane NXT
Board

About Cristen Kogl

Independent director since 2023; age 59; serves on the Nominating & Governance Committee and the Management Organization & Compensation Committee. She is Chief Legal Officer, General Counsel, and Corporate Secretary of Zebra Technologies, serving as Zebra’s top legal officer since September 2018, with 25+ years of in-house corporate legal leadership spanning M&A, governance, SEC compliance, IP, cyber risk, labor, litigation management, and government affairs . The Board determined all nominees other than the CEO are independent; each director attended at least 75% of aggregate Board and committee meetings in 2024, and all then-serving directors (excluding Max Mitchell) attended the 2024 annual meeting .

Past Roles

OrganizationRoleTenureCommittees/Impact
Zebra TechnologiesChief Legal Officer, General Counsel & Corporate SecretarySept 2018–presentLed global legal/compliance; deep experience in M&A, IP, SEC governance, cyber risk; executive team member

External Roles

OrganizationRoleTenureNotes
Lake Forest CollegeTrusteeSince Sept 2023Board of Trustees
U.S. Chamber of CommerceDirectorSince Nov 2020Board director

Board Governance

  • Committee assignments: Nominating & Governance and Management Organization & Compensation (MOC); both committees fully independent per NYSE rules .
  • MOC responsibilities include CEO performance evaluation and pay recommendations, executive compensation, plan administration (including clawback), director compensation oversight, succession planning, and risk review of compensation; met 5 times in 2024 .
  • Nominating & Governance responsibilities include director selection criteria, board refreshment, tenure/retirement policies, and director independence oversight; met 4 times in 2024 .
  • Independence: Board determined all current directors other than the CEO are independent; independence review scrutinized director-affiliated transactions and confirmed independence under NYSE and SEC standards .
  • Attendance and engagement: Board met 6 times in 2024; each director attended at least 75% of board and committee meetings; executive sessions were held at all regular Board meetings and presided over by the independent Chairman .
  • Governance practices include majority voting with resignation policy, annual elections, stock ownership guidelines, anti-hedging/pledging policies, and stringent conflict-of-interest procedures .

Fixed Compensation

ComponentPolicy DetailAmounts/Status
Annual director retainer$235,000 total: $90,000 cash + $145,000 DSUs (directors may elect to take up to 100% of cash in DSUs or vested shares) Program in effect for 2024–2025; no changes recommended for 2025 after FW Cook review
Chair retainersBoard Chair +$130,000; Audit Chair +$25,000; MOC Chair +$20,000; N&G Chair +$17,500 (cash) Not applicable to Kogl (not a chair)
Committee member feesAudit member +$10,000; MOC member +$7,500; N&G member +$7,500 (cash) Applicable given Kogl’s committee memberships
Meeting feesNone unless meetings exceed threshold; none paid in 2024 None
2024 actual compensation (Kogl)Fees earned: $50,357; Stock awards (DSUs): $234,879; Total: $285,236 Paid/granted for 2024

Performance Compensation

Grant TypeGrant DateShares/UnitsGrant-Date Fair Value per UnitVesting/Key Terms
DSUs (2024 annual grant)May 23, 20243,853 DSUs to Kogl $60.96 per DSU DSUs forfeitable if director ceases service before next annual meeting, except in case of death, disability, or change in control; settle in shares upon leaving Board; dividends accumulate

No director performance-based equity metrics (e.g., PRSUs with TSR or EBITDA gates) are disclosed for non-employee directors; CXT director equity is delivered via DSUs with service-based vesting for alignment and retention .

Other Directorships & Interlocks

  • Public company directorships: None disclosed for Kogl in CXT’s director biography .
  • Noted affiliations: Executive officer at Zebra Technologies; non-profit/association boards at Lake Forest College and U.S. Chamber of Commerce .
  • Related-party/transactions: Proxy discloses reviews and specific related transactions involving Crane Company and Google; no transactions or influence tied to Kogl/Zebra are reported in the independence review .

Expertise & Qualifications

  • Operational/organizational expertise as a corporate generalist and in-house legal leader for 25+ years; deep capabilities across M&A, IP, governance and SEC regs, commercial contracting, enterprise/cyber risk, litigation, labor relations, government affairs, and compliance .
  • Board skills matrix emphasizes governance, legal/compliance, cyber/information security, and human capital expertise across the Board’s collective profile .

Equity Ownership

MetricValueNotes
Beneficial ownership (as of Mar 28, 2025)7,801 total shares (1,000 owned directly; 6,801 options/DSUs/RSUs vested or vesting within 60 days) Less than 1% of class; DSUs settle upon board departure
Unvested DSUs outstanding (12/31/2024)3,844 DSUs Annual DSUs granted 2024: 3,853
Director ownership guidelines5× cash portion of annual retainer (5 × $90,000 = $450,000 equivalent); all directors in compliance as of Record Date Anti-hedging and pledging policy applies to directors

Governance Assessment

  • Strengths: Independent director with deep governance, legal, and cyber risk expertise; active roles on MOC and Nominating & Governance committees support board effectiveness, succession, compensation alignment, and independence oversight .
  • Alignment: Director pay mix emphasizes equity via DSUs and robust stock ownership guidelines; anti-hedging/pledging and conflict-of-interest procedures reinforce alignment and investor protection .
  • Engagement: Board and committees met frequently in 2024; all directors met attendance expectations; regular executive sessions under independent chair enhance oversight quality .
  • Shareholder signals: Strong 2024 Say-on-Pay support (>96%) indicates positive investor sentiment toward compensation governance; director compensation program maintained after independent FW Cook review .
  • Potential conflicts: No related-party transactions disclosed for Kogl/Zebra; independence reaffirmed by Board; ongoing conflict procedures and annual certifications mitigate risk .
  • Red flags: None disclosed regarding attendance shortfalls, hedging/pledging, tax gross-ups, or related-party transactions; Section 16(a) compliance was timely for officers/directors in 2024 .