J. Randall Data - Feb 16, 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
Stock symbol
SPXC
Transactions as of
Feb 16, 2024
Transactions value $
-$456,907
Form type
4
Date filed
2/21/2024, 04:25 PM
Previous filing
May 19, 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 +2.49K +4.23% 61.3K Feb 16, 2024 Direct F1, F2, F3
transaction SPXC Common Stock Tax liability -$457K -4.17K -6.8% $109.57 57.2K Feb 16, 2024 Direct F2, F4
holding SPXC Common Stock 3.61K 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 12K Feb 16, 2024 Common Stock 12K $50.09 Direct F5
holding SPXC Employee stock option to purchase common stock 8.91K Feb 16, 2024 Common Stock 8.91K $58.34 Direct F6
holding SPXC Employee stock option to purchase common stock 9.81K Feb 16, 2024 Common Stock 9.81K $48.97 Direct F7
holding SPXC Employee stock option to purchase common stock 6.31K Feb 16, 2024 Common Stock 6.31K $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.