J. Randall Data - Jun 24, 2024 Form 4 Insider Report for SPX Technologies, Inc. (SPXC)

Role
PRES., HEATING AND GLOBAL OPER
Signature
/s/ Cheree H. Johnson, Attorney in Fact for J. Randall Data
Stock symbol
SPXC
Transactions as of
Jun 24, 2024
Transactions value $
-$4,231,815
Form type
4
Date filed
6/26/2024, 04:15 PM
Previous filing
Mar 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SPXC Common Stock Options Exercise $599K +12K +18.5% $50.09* 76.6K Jun 24, 2024 Direct F1
transaction SPXC Common Stock Options Exercise $520K +8.91K +11.63% $58.34* 85.5K Jun 24, 2024 Direct F1
transaction SPXC Common Stock Options Exercise $320K +6.54K +7.65% $48.97* 92.1K Jun 24, 2024 Direct F1
transaction SPXC Common Stock Sale -$270K -1.9K -2.06% $142.17 90.2K Jun 24, 2024 Direct F1, F2, F3
transaction SPXC Common Stock Sale -$630K -4.4K -4.88% $143.22 85.8K Jun 24, 2024 Direct F1, F2, F4
transaction SPXC Common Stock Sale -$4.77M -33.1K -38.6% $144.08 52.7K Jun 24, 2024 Direct F1, F2, F5
transaction SPXC Common Stock Sale -$579 -4 -0.01% $144.84 52.7K Jun 24, 2024 Direct F1, F2
holding SPXC Common Stock 3.71K Jun 24, 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
transaction SPXC Employee stock option to purchase common stock Options Exercise $0 -12K -100% $0.00* 0 Jun 24, 2024 Common Stock 12K $50.09 Direct F6
transaction SPXC Employee stock option to purchase common stock Options Exercise $0 -8.91K -100% $0.00* 0 Jun 24, 2024 Common Stock 8.91K $58.34 Direct F7
transaction SPXC Employee stock option to purchase common stock Options Exercise $0 -6.54K -66.66% $0.00 3.27K Jun 24, 2024 Common Stock 9.81K $48.97 Direct F8
holding SPXC Employee stock option to purchase common stock 6.31K Jun 24, 2024 Common Stock 6.31K $71.93 Direct F9
holding SPXC Employee stock option to purchase common stock 6.85K Jun 24, 2024 Common Stock 6.85K $116.40 Direct F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Includes unvested restricted stock units.
F2 The sales reported in this form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 21, 2024.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $141.725 to $142.675, inclusive. The reporting person undertakes to provide to SPX Technologies, Inc., any security holder of SPX Technologies, Inc., or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $142.76 to $143.74, inclusive. The reporting person undertakes to provide to SPX Technologies, Inc., any security holder of SPX Technologies, Inc., or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
F5 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $143.83 to $144.80, inclusive. The reporting person undertakes to provide to SPX Technologies, Inc., any security holder of SPX Technologies, Inc., or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
F6 Vests in three equal installments beginning on February 20, 2021.
F7 Vests in three equal installments beginning on March 1, 2022.
F8 Vests in three equal installments beginning on March 1, 2023.
F9 Vests in three equal installments beginning on March 1, 2024.
F10 Vests in three equal installments beginning on February 28, 2025.