Eugene Joseph Lowe III - Feb 20, 2023 Form 4 Insider Report for SPX Technologies, Inc. (SPXC)

Role
PRESIDENT AND CEO, Director
Signature
/s/ John Nurkin, Attorney in Fact for Eugene Joseph Lowe III
Stock symbol
SPXC
Transactions as of
Feb 20, 2023
Transactions value $
-$1,695,043
Form type
4
Date filed
2/22/2023, 03:34 PM
Previous filing
Apr 26, 2022
Next filing
Mar 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SPXC Common Stock Award +37.9K +8.37% 491K Feb 20, 2023 Direct F1, F2
transaction SPXC Common Stock Tax liability -$1.46M -19.8K -4.03% $73.56 471K Feb 20, 2023 Direct F2, F3
transaction SPXC Common Stock Tax liability -$238K -3.24K -0.69% $73.56 468K Feb 20, 2023 Direct F2, F3
holding SPXC Common Stock 4.73K Feb 20, 2023 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 20, 2023 Common Stock 333K $12.36 Direct F4
holding SPXC Employee stock option to purchase common stock 45.8K Feb 20, 2023 Common Stock 45.8K $21.16 Direct F5
holding SPXC Employee stock option to purchase common stock 187K Feb 20, 2023 Common Stock 187K $12.85 Direct F6
holding SPXC Employee stock option to purchase common stock 82.4K Feb 20, 2023 Common Stock 82.4K $27.40 Direct F7
holding SPXC Employee stock option to purchase common stock 72.3K Feb 20, 2023 Common Stock 72.3K $32.69 Direct F8
holding SPXC Employee stock option to purchase common stock 77.5K Feb 20, 2023 Common Stock 77.5K $36.51 Direct F9
holding SPXC Employee stock option to purchase common stock 53.5K Feb 20, 2023 Common Stock 53.5K $50.09 Direct F10
holding SPXC Employee stock option to purchase common stock 46.3K Feb 20, 2023 Common Stock 46.3K $58.34 Direct F11
holding SPXC Employee stock option to purchase common stock 49.4K Feb 20, 2023 Common Stock 49.4K $48.97 Direct F12
* 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 2019 Stock Compensation Plan for achievement of performance for the 2020-2022 performance period.
F2 Includes unvested restricted stock units.
F3 Shares delivered to the issuer for the payment of withholding taxes due upon the vesting of restricted stock units previously granted under the SPX 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 Vests in three equal installments beginning on March 1, 2023.