Eugene Joseph Lowe III - Feb 21, 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
Feb 21, 2022
Transactions value $
-$2,513,539
Form type
4
Date filed
2/23/2022, 03:52 PM
Next filing
Mar 3, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SPXC Common Stock Award +20.1K +4.73% 446K Feb 21, 2022 Direct F1, F3
transaction SPXC Common Stock Tax liability -$2.09M -40.1K -8.99% $52.01 406K Feb 22, 2022 Direct F2, F3
transaction SPXC Common Stock Tax liability -$256K -4.93K -1.21% $52.01 401K Feb 22, 2022 Direct F2, F3
transaction SPXC Common Stock Tax liability -$169K -3.26K -0.81% $52.01 398K Feb 22, 2022 Direct F2, F3
holding SPXC Common Stock 4.51K Feb 21, 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
holding SPXC Employee stock option to purchase common stock 333K Feb 21, 2022 Common Stock 333K $12.36 Direct F4
holding SPXC Employee stock option to purchase common stock 45.8K Feb 21, 2022 Common stock 45.8K $21.16 Direct F5
holding SPXC Employee stock option to purchase common stock 187K Feb 21, 2022 Common stock 187K $12.85 Direct F6
holding SPXC Employee stock option to purchase common stock 82.4K Feb 21, 2022 Common stock 82.4K $27.40 Direct F7
holding SPXC Employee stock option to purchase common stock 72.3K Feb 21, 2022 Common stock 72.3K $32.69 Direct F8
holding SPXC Employee stock option to purchase common stock 77.5K Feb 21, 2022 Common stock 77.5K $36.51 Direct F9
holding SPXC Employee stock option to purchase common stock 53.5K Feb 21, 2022 Common stock 53.5K $50.09 Direct F10
holding SPXC Employee stock option to purchase common stock 46.3K Feb 21, 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 Grant of shares under the SPX Corporation 2019 Stock Compensation Plan for achievement of performance for the 2019-2021 performance period.
F2 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.
F3 Includes unvested restricted stock units.
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.