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SPX Technologies (SPXC) CFO granted 2,408 shares, withholds 3,717 for taxes

Filing Impact
(Very High)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

SPX Technologies VP, CFO & Treasurer Mark A. Carano reported mixed share movements in company stock. On February 24, 2026, he acquired 2,408 shares of common stock at $0.00 per share as a grant under the SPX 2019 Stock Compensation Plan for achieving performance targets for the 2023–2025 period.

On the same date, 3,717 shares of common stock at $237.18 per share were delivered back to the issuer to cover withholding taxes owed upon the vesting of previously granted restricted stock units, which is a tax-withholding disposition rather than an open-market sale. After these transactions, he directly owned 16,872 common shares, plus 461 shares held indirectly through a 401(k) plan.

Positive

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Negative

  • None.
Insider Carano Mark A
Role VP, CFO & TREASURER
Type Security Shares Price Value
Grant/Award Common Stock 2,408 $0.00 --
Tax Withholding Common Stock 3,717 $237.18 $882K
holding Employee stock option to purchase common stock -- -- --
holding Employee stock option to purchase common stock -- -- --
holding Employee stock option to purchase common stock -- -- --
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 20,589 shares (Direct); Employee stock option to purchase common stock — 5,552 shares (Direct); Common Stock — 461 shares (Indirect, 401 (k) Plan)
Footnotes (1)
  1. Grant of shares under the SPX 2019 Stock Compensation Plan for achievement of performance for the 2023-2025 performance period. Includes unvested restricted stock units. 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. Vests in three equal installments beginning on March 1, 2024. Vests in three equal installments beginning on February 28, 2025. Vests in three equal installments beginning on March 3, 2026.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a 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). See Instruction 10.
1. Name and Address of Reporting Person*
Carano Mark A
(Last) (First) (Middle)
C/O SPX TECHNOLOGIES, INC.
6325 ARDREY KELL ROAD, SUITE 400
(Street)
CHARLOTTE NC 28277
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
SPX Technologies, Inc. [ SPXC ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
VP, CFO & TREASURER
3. Date of Earliest Transaction (Month/Day/Year)
02/24/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 02/24/2026 A(1) 2,408 A (1) 20,589(2) D
Common Stock 02/24/2026 F(3) 3,717 D $237.18 16,872(2) D
Common Stock 461 I 401 (k) Plan
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Employee stock option to purchase common stock $71.93 03/01/2026(4) 03/01/2033 Common Stock 5,552 5,552 D
Employee stock option to purchase common stock $116.4 02/28/2027(5) 02/28/2034 Common Stock 4,057 4,057 D
Employee stock option to purchase common stock $138.6 03/03/2028(6) 03/03/2035 Common Stock 3,460 3,460 D
Explanation of Responses:
1. Grant of shares under the SPX 2019 Stock Compensation Plan for achievement of performance for the 2023-2025 performance period.
2. Includes unvested restricted stock units.
3. 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.
4. Vests in three equal installments beginning on March 1, 2024.
5. Vests in three equal installments beginning on February 28, 2025.
6. Vests in three equal installments beginning on March 3, 2026.
/s/ Daniel Whitman, Attorney in Fact for Mark A. Carano 02/26/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did SPXC executive Mark A. Carano report?

Mark A. Carano reported both an equity grant and a tax-withholding share disposition. He received 2,408 common shares as a performance-based grant and delivered 3,717 shares back to the issuer to cover withholding taxes on vested restricted stock units.

How many SPXC shares did Mark A. Carano acquire in the latest report?

He acquired 2,408 shares of SPX Technologies common stock. The shares were granted at no cash cost under the SPX 2019 Stock Compensation Plan for achieving performance goals during the 2023–2025 performance period, increasing his direct equity stake in the company.

Were any of Mark A. Carano’s SPXC transactions open-market sales?

The filing shows no open-market sales. Instead, 3,717 shares were delivered to SPX Technologies at a price of $237.18 per share solely to satisfy withholding taxes due on vesting restricted stock units granted under the SPX 2019 Stock Compensation Plan.

What is Mark A. Carano’s SPXC share ownership after these transactions?

Following the reported transactions, Mark A. Carano directly owned 16,872 shares of SPX Technologies common stock. He also had 461 additional common shares held indirectly through a 401(k) plan, alongside various employee stock options listed as outstanding holdings.

What compensation plan governs the SPXC share grant to Mark A. Carano?

The 2,408-share grant was made under the SPX 2019 Stock Compensation Plan. It reflects achievement of performance for the 2023–2025 performance period, with related footnotes also noting that some holdings include unvested restricted stock units granted under this same plan.