Eugene Joseph Lowe III - Mar 1, 2022 Form 4 Insider Report for SPX CORP (SPXC)

Role: President and CEO, Director
Signature: John Nurkin, Attorney in Fact for Eugene Joseph Lowe III
Stock symbol: SPXC
Transactions as of: Mar 1, 2022
Transactions value $: -$159,046
Form type: 4
Date filed: 3/3/2022, 07:51 PM
Previous filing: Feb 23, 2022
Next filing: Apr 26, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SPXC	Common Stock	Tax liability	-$159K	-3.14K	-0.79%	$50.70	395K	Mar 1, 2022	Direct	F1, F2
transaction	SPXC	Common Stock	Award		+58.5K	+14.81%		453K	Mar 1, 2022	Direct	F2, F3
holding	SPXC	Common Stock						4.51K	Mar 1, 2022	401(k) Plan

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	SPXC	Employee stock option to purchase common stock	Award		+49.4K			49.4K	Mar 1, 2022	Common Stock	49.4K	$48.97	Direct	F12, F13
holding	SPXC	Employee stock option to purchase common stock						333K	Mar 1, 2022	Common Stock	333K	$12.36	Direct	F4
holding	SPXC	Employee stock option to purchase common stock						45.8K	Mar 1, 2022	Common stock	45.8K	$21.16	Direct	F5
holding	SPXC	Employee stock option to purchase common stock						187K	Mar 1, 2022	Common stock	187K	$12.85	Direct	F6
holding	SPXC	Employee stock option to purchase common stock						82.4K	Mar 1, 2022	Common stock	82.4K	$27.40	Direct	F7
holding	SPXC	Employee stock option to purchase common stock						72.3K	Mar 1, 2022	Common stock	72.3K	$32.69	Direct	F8
holding	SPXC	Employee stock option to purchase common stock						77.5K	Mar 1, 2022	Common stock	77.5K	$36.51	Direct	F9
holding	SPXC	Employee stock option to purchase common stock						53.5K	Mar 1, 2022	Common stock	53.5K	$50.09	Direct	F10
holding	SPXC	Employee stock option to purchase common stock						46.3K	Mar 1, 2022	Common stock	46.3K	$58.34	Direct	F11

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Shares delivered to the issuer for the payment of withholding taxes due upon the vesting of restricted stock units previously granted under the SPX Corporation 2019 Stock Compensation Plan.
F2	Includes unvested restricted stock units.
F3	Grant of restricted stock units under the SPX Corporation 2019 Stock Compensation Plan.
F4	Vests as to 100% of the shares on the third anniversary of the grant date.
F5	Vests in three equal installments beginning on January 2, 2016.
F6	Vests in three equal installments beginning on March 2, 2017.
F7	Vests in three equal installments beginning on March 1, 2018.
F8	Vests in three equal installments beginning on February 22, 2019.
F9	Vests in three equal installments beginning on February 21, 2020.
F10	Vests in three equal installments beginning on February 20, 2021.
F11	Vests in three equal installments beginning on March 1, 2022.
F12	Grant of stock option pursuant to the SPX Corporation 2019 Stock Compensation Plan.
F13	Vests in three equal installments beginning on March 1, 2023.