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SPX Technologies (SPXC) officer delivers shares for tax withholding

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

Rhea-AI Filing Summary

SPX Technologies, Inc. executive John William Swann III reported a tax-withholding disposition of 196 shares of common stock on March 3, 2026 at $225.02 per share. The shares were delivered to the issuer to cover withholding taxes on vesting restricted stock units, leaving 59,206 shares held directly and 4,246 shares held indirectly through a 401(k) plan.

Positive

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Negative

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Insider Swann John William III
Role PRES., DETECTION & MEASUREMENT
Type Security Shares Price Value
Tax Withholding Common Stock 196 $225.02 $44K
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 Employee stock option to purchase common stock -- -- --
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 59,206 shares (Direct); Employee stock option to purchase common stock — 8,101 shares (Direct); Common Stock — 4,246 shares (Indirect, 401 (k) Plan)
Footnotes (1)
  1. 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. Includes unvested restricted stock units. Vests in three equal installments beginning on March 1, 2022. 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*
Swann John William III
(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)
PRES., DETECTION & MEASUREMENT
3. Date of Earliest Transaction (Month/Day/Year)
03/03/2026
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 03/03/2026 F(1) 196 D $225.02 59,206(2) D
Common Stock 4,246 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 $58.34 03/01/2024(3) 03/01/2031 Common Stock 8,101 8,101 D
Employee stock option to purchase common stock $71.93 03/01/2026(4) 03/01/2033 Common Stock 5,948 5,948 D
Employee stock option to purchase common stock $116.4 02/28/2027(5) 02/28/2034 Common Stock 4,215 4,215 D
Employee stock option to purchase common stock $138.6 03/03/2028(6) 03/03/2035 Common Stock 3,210 3,210 D
Explanation of Responses:
1. 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.
2. Includes unvested restricted stock units.
3. Vests in three equal installments beginning on March 1, 2022.
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 John William Swann, III 03/04/2026
** 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 transaction did SPX Technologies (SPXC) report for John William Swann III?

John William Swann III reported a tax-withholding disposition of 196 SPX Technologies common shares. The shares were delivered to the issuer to pay withholding taxes triggered by the vesting of previously granted restricted stock units under the SPX 2019 Stock Compensation Plan.

Was the SPX Technologies insider transaction an open-market sale of SPXC shares?

The transaction was not an open-market sale but a tax-withholding disposition. Shares were surrendered to SPX Technologies to satisfy withholding taxes due upon vesting of restricted stock units, rather than being sold on the open market for investment or liquidity purposes.

At what price were the SPX Technologies shares valued in the tax-withholding transaction?

The 196 SPX Technologies common shares were valued at $225.02 per share for the tax-withholding disposition. This price is used in the Form 4 to calculate the value of the shares delivered to cover the executive’s withholding tax obligation on vested restricted stock units.

How many SPX Technologies shares does John William Swann III hold after this Form 4?

After the reported transactions, John William Swann III holds 59,206 SPX Technologies common shares directly. He also has an indirect position of 4,246 common shares through a 401(k) plan, and certain holdings include unvested restricted stock units noted in the footnotes.

What equity awards are referenced in the SPX Technologies Form 4 footnotes?

The footnotes reference restricted stock units granted under the SPX 2019 Stock Compensation Plan. Some awards vest in three equal installments beginning on dates including March 1, 2022, March 1, 2024, February 28, 2025, and March 3, 2026, and the holdings include unvested restricted units.

What stock option holdings does John William Swann III report at SPX Technologies?

The Form 4 lists several employee stock options to purchase SPX Technologies common stock as holdings. Following the reported date, individual option positions show remaining totals such as 8,101, 5,948, 4,215, and 3,210 options, reflecting different grants and vesting schedules disclosed in the filing data.