John William Swann III - Feb 16, 2024 Form 4 Insider Report for SPX Technologies, Inc. (SPXC)

Role
PRES., DETECTION & MEASUREMENT
Signature
/s/ John Nurkin, Attorney in Fact for John William Swann, III
Stock symbol
SPXC
Transactions as of
Feb 16, 2024
Transactions value $
-$419,215
Form type
4
Date filed
2/21/2024, 04:20 PM
Previous filing
Mar 3, 2023
Next filing
Mar 1, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SPXC Common Stock Award +2.26K +2.61% 88.9K Feb 16, 2024 Direct F1, F2, F3
transaction SPXC Common Stock Tax liability -$419K -3.83K -4.3% $109.57 85.1K Feb 16, 2024 Direct F2, F4
holding SPXC Common Stock 4.04K Feb 16, 2024 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 12.4K Feb 16, 2024 Common Stock 12.4K $32.69 Direct F5
holding SPXC Employee stock option to purchase common stock 13.6K Feb 16, 2024 Common Stock 13.6K $36.51 Direct F6
holding SPXC Employee stock option to purchase common stock 10.6K Feb 16, 2024 Common Stock 10.6K $50.09 Direct F7
holding SPXC Employee stock option to purchase common stock 8.1K Feb 16, 2024 Common Stock 8.1K $58.34 Direct F8
holding SPXC Employee stock option to purchase common stock 8.64K Feb 16, 2024 Common Stock 8.64K $48.97 Direct F9
holding SPXC Employee stock option to purchase common stock 5.95K Feb 16, 2024 Common Stock 5.95K $71.93 Direct F10
* 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 2021-2023 performance period.
F2 Includes unvested restricted stock units.
F3 The total number of shares reported has been reduced by 7,349 shares due to an inadvertent over-reporting by such amount of the number of shares issued to the reporting person in respect of a performance award on a Form 4 filed by the reporting person on February 22, 2023.
F4 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.
F5 Vests in three equal installments beginning on February 22, 2019.
F6 Vests in three equal installments beginning on February 21, 2020.
F7 Vests in three equal installments beginning on February 20, 2021.
F8 Vests in three equal installments beginning on March 1, 2022.
F9 Vests in three equal installments beginning on March 1, 2023.
F10 Vests in three equal installments beginning on March 1, 2024.