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SPX Technologies (NYSE: SPXC) exec gets stock award, covers taxes

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

Rhea-AI Filing Summary

SPX Technologies, Inc. executive Sean McClenaghan, President of the HVAC segment, received a grant of 2,580 shares of common stock at no cost under the SPX 2019 Stock Compensation Plan for performance in the 2023-2025 period. On the same date, 2,834 shares were disposed of at $237.18 per share to satisfy withholding taxes due upon vesting of previously granted restricted stock units, a non-open-market, tax-withholding transaction. Following these changes, he directly holds 24,168 common shares and indirectly holds 529 shares through a 401(k) plan.

Positive

  • None.

Negative

  • None.
Insider McClenaghan Sean
Role PRESIDENT, HVAC SEGMENT
Type Security Shares Price Value
Grant/Award Common Stock 2,580 $0.00 --
Tax Withholding Common Stock 2,834 $237.18 $672K
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 — 27,002 shares (Direct); Employee stock option to purchase common stock — 20,585 shares (Direct); Common Stock — 529 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 October 1, 2023. 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*
McClenaghan Sean
(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)
PRESIDENT, HVAC SEGMENT
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) 2,580 A (1) 27,002(2) D
Common Stock 02/24/2026 F(3) 2,834 D $237.18 24,168(2) D
Common Stock 529 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 $55.22 10/01/2025(4) 10/01/2032 Common Stock 20,585 20,585 D
Employee stock option to purchase common stock $71.93 03/01/2026(5) 03/01/2033 Common Stock 5,948 5,948 D
Employee stock option to purchase common stock $116.4 02/28/2027(6) 02/28/2034 Common Stock 5,269 5,269 D
Employee stock option to purchase common stock $138.6 03/03/2028(7) 03/03/2035 Common Stock 4,229 4,229 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 October 1, 2023.
5. Vests in three equal installments beginning on March 1, 2024.
6. Vests in three equal installments beginning on February 28, 2025.
7. Vests in three equal installments beginning on March 3, 2026.
/s/ Daniel Whitman, Attorney in Fact for Sean McClenaghan 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 did SPX Technologies (SPXC) executive Sean McClenaghan report in this Form 4?

Sean McClenaghan reported a grant of 2,580 SPX Technologies common shares at no cost, tied to 2023-2025 performance, and a 2,834-share disposition to cover tax withholding on previously vested restricted stock units, both affecting his direct share holdings.

Was the SPX Technologies Form 4 transaction an open-market stock sale?

No, the Form 4 shows a tax-withholding disposition, not an open-market sale. The 2,834 shares at $237.18 were delivered back to SPX Technologies to pay withholding taxes on vesting restricted stock units granted under the SPX 2019 Stock Compensation Plan.

How many SPX Technologies shares does Sean McClenaghan hold after these Form 4 transactions?

After the reported transactions, Sean McClenaghan directly holds 24,168 shares of SPX Technologies common stock and indirectly holds 529 shares through a 401(k) plan, according to the totals following the grant and tax-withholding share delivery entries.

What is the nature of the 2,580-share award to the SPX Technologies executive?

The 2,580-share award is a grant of common stock under the SPX 2019 Stock Compensation Plan, linked to achievement of performance goals for the 2023-2025 performance period, and was acquired at a reported price of $0.00 per share as part of equity compensation.

How are employee stock options reflected in this SPX Technologies Form 4?

The Form 4 lists several employee stock option holdings with updated post-transaction balances, such as 20,585, 5,948, 5,269, and 4,229 options, each vesting in three equal installments beginning on dates from October 1, 2023, to March 3, 2026, per the footnotes.

What compensation plan governs the reported SPX Technologies equity transactions?

Both the stock grant and the tax-withholding share delivery are under the SPX 2019 Stock Compensation Plan. The grant rewards performance over 2023-2025, while the disposition covers taxes on vesting restricted stock units previously awarded through the same plan.