Eugene Joseph Lowe III - 16 Feb 2024 Form 4 Insider Report for SPX Technologies, Inc. (SPXC)

Reporting relationship
PRESIDENT AND CEO, Director
Issuer ticker
SPXC
Reported as of
16 Feb 2024
Net transaction value
-$2,778,805
Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
21 Feb 2024, 16:35:14 UTC
Prior SEC filing
26 Apr 2023
Next SEC filing
01 Mar 2024
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ John Nurkin, Attorney in Fact for Eugene Joseph Lowe III
Filing notes and source

Key filing fact

Eugene Joseph Lowe III filed Form 4 for SPX Technologies, Inc. (SPXC) on 21 Feb 2024.

Key facts

  • This page summarizes Eugene Joseph Lowe III's Form 4 filing for SPX Technologies, Inc. (SPXC).
  • 2 reported transactions and 10 derivative rows are listed below.
  • Accepted by SEC: 21 Feb 2024, 16:35.

Change

  • Previous filing in this sequence was filed on 26 Apr 2023.
  • Current net transaction value: -$2,778,805.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

SPXC transaction

Common Stock

Award

Transaction value
Shares
+12,922
Change %
+2.8%
Price
Shares after
481,259
Date
16 Feb 2024
Ownership
Direct
Footnotes
F1, F2, F3
SPXC transaction

Common Stock

Tax liability

Transaction value
$2,778,805
Shares
-25,361
Change %
-5.3%
Price
$109.57
Shares after
455,898
Date
16 Feb 2024
Ownership
Direct
Footnotes
F2, F4
SPXC holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
4,860
Date
16 Feb 2024
Ownership
401 (k) Plan

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

SPXC holding Derivative

Employee stock option to purchase common stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
332,673
Date
16 Feb 2024
Ownership
Direct
Underlying class
Common Stock
Underlying amount
332,673
Exercise price
$12.36
Footnotes
F5
SPXC holding Derivative

Employee stock option to purchase common stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
45,776
Date
16 Feb 2024
Ownership
Direct
Underlying class
Common Stock
Underlying amount
45,776
Exercise price
$21.16
Footnotes
F6
SPXC holding Derivative

Employee stock option to purchase common stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
186,919
Date
16 Feb 2024
Ownership
Direct
Underlying class
Common Stock
Underlying amount
186,919
Exercise price
$12.85
Footnotes
F7
SPXC holding Derivative

Employee stock option to purchase common stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
82,405
Date
16 Feb 2024
Ownership
Direct
Underlying class
Common Stock
Underlying amount
82,405
Exercise price
$27.40
Footnotes
F8
SPXC holding Derivative

Employee stock option to purchase common stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
72,298
Date
16 Feb 2024
Ownership
Direct
Underlying class
Common Stock
Underlying amount
72,298
Exercise price
$32.69
Footnotes
F9
SPXC holding Derivative

Employee stock option to purchase common stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
77,463
Date
16 Feb 2024
Ownership
Direct
Underlying class
Common Stock
Underlying amount
77,463
Exercise price
$36.51
Footnotes
F10
SPXC holding Derivative

Employee stock option to purchase common stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
53,465
Date
16 Feb 2024
Ownership
Direct
Underlying class
Common Stock
Underlying amount
53,465
Exercise price
$50.09
Footnotes
F11
SPXC holding Derivative

Employee stock option to purchase common stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
46,291
Date
16 Feb 2024
Ownership
Direct
Underlying class
Common Stock
Underlying amount
46,291
Exercise price
$58.34
Footnotes
F12
SPXC holding Derivative

Employee stock option to purchase common stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
49,378
Date
16 Feb 2024
Ownership
Direct
Underlying class
Common Stock
Underlying amount
49,378
Exercise price
$48.97
Footnotes
F13
SPXC holding Derivative

Employee stock option to purchase common stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
33,707
Date
16 Feb 2024
Ownership
Direct
Underlying class
Common Stock
Underlying amount
33,707
Exercise price
$71.93
Footnotes
F14
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 14 footnotes

Footnote F1

Grant of shares under the SPX 2019 Stock Compensation Plan for achievement of performance for the 2021-2023 performance period.

Footnote F2

Includes unvested restricted stock units.

Footnote 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.

Footnote 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.

Footnote F5

Vests as to 100% of the shares on the third anniversary of the grant date.

Footnote F6

Vests in three equal installments beginning on January 2, 2016.

Footnote F7

Vests in three equal installments beginning on March 2, 2017.

Footnote F8

Vests in three equal installments beginning on March 1, 2018.

Footnote F9

Vests in three equal installments beginning on February 22, 2019.

Footnote F10

Vests in three equal installments beginning on February 21, 2020.

Footnote F11

Vests in three equal installments beginning on February 20, 2021.

Footnote F12

Vests in three equal installments beginning on March 1, 2022.

Footnote F13

Vests in three equal installments beginning on March 1, 2023.

Footnote F14

Vests in three equal installments beginning on March 1, 2024.

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