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SPX Technologies (SPXC) executive reports stock grant and tax-withholding share delivery

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

Rhea-AI Filing Summary

SPX Technologies, Inc. executive John William Swann III reported equity compensation activity involving company common stock. He received a grant of 2,580 shares of common stock at $0.00 per share as a stock award, tied to achievement of performance goals for the 2023–2025 performance period under the SPX 2019 Stock Compensation Plan.

To cover withholding taxes on previously granted restricted stock units vesting under the same plan, 3,216 common shares were delivered back to the issuer at $237.18 per share in a tax-withholding disposition. After these transactions, he directly holds 60,022 common shares and indirectly holds 4,237 common shares through a 401(k) plan, along with several employee stock options.

Positive

  • None.

Negative

  • None.
Insider Swann John William III
Role PRES., DETECTION & MEASUREMENT
Type Security Shares Price Value
Grant/Award Common Stock 2,580 $0.00 --
Tax Withholding Common Stock 3,216 $237.18 $763K
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 — 63,238 shares (Direct); Employee stock option to purchase common stock — 8,101 shares (Direct); Common Stock — 4,237 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, 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)
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) 63,238(2) D
Common Stock 02/24/2026 F(3) 3,216 D $237.18 60,022(2) D
Common Stock 4,237 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(4) 03/01/2031 Common Stock 8,101 8,101 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 4,215 4,215 D
Employee stock option to purchase common stock $138.6 03/03/2028(7) 03/03/2035 Common Stock 3,210 3,210 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, 2022
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 John William Swann, III 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 John Swann receive in this Form 4 filing?

John Swann received a grant of 2,580 SPX Technologies common shares at $0.00 per share. The award was issued under the SPX 2019 Stock Compensation Plan for performance achieved over the 2023–2025 performance period.

Why were 3,216 SPX Technologies (SPXC) shares disposed of in this Form 4?

3,216 SPX Technologies common shares were delivered back to the company at $237.18 per share. This disposition covered withholding taxes due upon the vesting of previously granted restricted stock units under the SPX 2019 Stock Compensation Plan.

How many SPX Technologies (SPXC) shares does John Swann own after these transactions?

After the reported transactions, John Swann directly owns 60,022 SPX Technologies common shares. He also indirectly owns 4,237 additional common shares through a 401(k) plan, plus several employee stock options to purchase common stock.

What compensation plan is referenced in this SPX Technologies (SPXC) Form 4?

The Form 4 references the SPX 2019 Stock Compensation Plan. Under this plan, John Swann received a performance-based share grant for the 2023–2025 period, and restricted stock units vested, triggering tax-withholding share deliveries back to the issuer.

Are the SPX Technologies (SPXC) transactions in this Form 4 open-market trades?

The transactions are not open-market trades. One entry is a grant of shares at $0.00 per share, while another is a tax-withholding disposition where shares were delivered to SPX Technologies to satisfy withholding obligations on vesting restricted stock units.

What types of securities are involved in John Swann’s SPX Technologies (SPXC) holdings?

John Swann’s holdings include SPX Technologies common stock held directly and via a 401(k) plan, plus employee stock options to purchase common stock. Some common stock holdings include unvested restricted stock units, as noted in the filing’s footnotes.