J. Randall Data - 16 Feb 2024 Form 4 Insider Report for SPX Technologies, Inc. (SPXC)

Role
PRES., HEATING AND GLOBAL OPER
Signature
/s/ John Nurkin, Attorney in Fact for J. Randall Data
Issuer symbol
SPXC
Transactions as of
16 Feb 2024
Net transactions value
-$456,907
Form type
4
Filing time
21 Feb 2024, 16:25:09 UTC
Previous filing
19 May 2023
Next filing
01 Mar 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SPXC Common Stock Award +2,488 +4.2% 61,327 16 Feb 2024 Direct F1, F2, F3
transaction SPXC Common Stock Tax liability $456,907 -4,170 -6.8% $109.57 57,157 16 Feb 2024 Direct F2, F4
holding SPXC Common Stock 3,612 16 Feb 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 11,959 16 Feb 2024 Common Stock 11,959 $50.09 Direct F5
holding SPXC Employee stock option to purchase common stock 8,911 16 Feb 2024 Common Stock 8,911 $58.34 Direct F6
holding SPXC Employee stock option to purchase common stock 9,814 16 Feb 2024 Common Stock 9,814 $48.97 Direct F7
holding SPXC Employee stock option to purchase common stock 6,305 16 Feb 2024 Common Stock 6,305 $71.93 Direct F8
* 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 8,285 shares to correct (i) an inadvertent over-reporting by 8,328 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 and (ii) an inadvertent over-reporting by 43 of the number of shares delivered to the issuer for the payment of withholding taxes on a Form 4 filed by the reporting person on March 3, 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 20, 2021.
F6 Vests in three equal installments beginning on March 1, 2022.
F7 Vests in three equal installments beginning on March 1, 2023.
F8 Vests in three equal installments beginning on March 1, 2024.