Eugene Joseph Lowe III - 16 Feb 2024 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
Issuer symbol
SPXC
Transactions as of
16 Feb 2024
Net transactions value
-$2,778,805
Form type
4
Filing time
21 Feb 2024, 16:35:14 UTC
Previous filing
26 Apr 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 +12,922 +2.8% 481,259 16 Feb 2024 Direct F1, F2, F3
transaction SPXC Common Stock Tax liability $2,778,805 -25,361 -5.3% $109.57 455,898 16 Feb 2024 Direct F2, F4
holding SPXC Common Stock 4,860 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 332,673 16 Feb 2024 Common Stock 332,673 $12.36 Direct F5
holding SPXC Employee stock option to purchase common stock 45,776 16 Feb 2024 Common Stock 45,776 $21.16 Direct F6
holding SPXC Employee stock option to purchase common stock 186,919 16 Feb 2024 Common Stock 186,919 $12.85 Direct F7
holding SPXC Employee stock option to purchase common stock 82,405 16 Feb 2024 Common Stock 82,405 $27.40 Direct F8
holding SPXC Employee stock option to purchase common stock 72,298 16 Feb 2024 Common Stock 72,298 $32.69 Direct F9
holding SPXC Employee stock option to purchase common stock 77,463 16 Feb 2024 Common Stock 77,463 $36.51 Direct F10
holding SPXC Employee stock option to purchase common stock 53,465 16 Feb 2024 Common Stock 53,465 $50.09 Direct F11
holding SPXC Employee stock option to purchase common stock 46,291 16 Feb 2024 Common Stock 46,291 $58.34 Direct F12
holding SPXC Employee stock option to purchase common stock 49,378 16 Feb 2024 Common Stock 49,378 $48.97 Direct F13
holding SPXC Employee stock option to purchase common stock 33,707 16 Feb 2024 Common Stock 33,707 $71.93 Direct F14
* 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 37,233 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 as to 100% of the shares on the third anniversary of the grant date.
F6 Vests in three equal installments beginning on January 2, 2016.
F7 Vests in three equal installments beginning on March 2, 2017.
F8 Vests in three equal installments beginning on March 1, 2018.
F9 Vests in three equal installments beginning on February 22, 2019.
F10 Vests in three equal installments beginning on February 21, 2020.
F11 Vests in three equal installments beginning on February 20, 2021.
F12 Vests in three equal installments beginning on March 1, 2022.
F13 Vests in three equal installments beginning on March 1, 2023.
F14 Vests in three equal installments beginning on March 1, 2024.