SPX Technologies (NYSE: SPXC) exec delivers shares for tax withholding

Rhea-AI Filing Summary

SPX Technologies executive Sean McClenaghan, President of the HVAC segment, reported two tax-related share dispositions. On March 1, he delivered 384 shares of common stock at $226.94 per share to the company, and on February 28 he delivered 356 shares at the same price. Footnotes state these shares were withheld to cover taxes due upon vesting of previously granted restricted stock units, rather than sold in open-market transactions. He continues to hold direct and indirect interests, including common stock in a 401(k) plan and employee stock options.

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

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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)
02/28/2026

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	02/28/2026		F(1)		356	D	$226.94	23,812(2)	D
Common Stock	03/01/2026		F(1)		384	D	$226.94	23,428(2)	D
Common Stock								530	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(3)	10/01/2032	Common Stock	20,585		20,585	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	5,269		5,269	D
Employee stock option to purchase common stock	$138.6							03/03/2028(6)	03/03/2035	Common Stock	4,229		4,229	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 October 1, 2023.

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 Sean McClenaghan	03/03/2026
	** 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.
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FAQ

What insider transaction did SPX Technologies (SPXC) report for Sean McClenaghan?

SPX Technologies reported that executive Sean McClenaghan delivered shares to the company to satisfy tax withholding on vested restricted stock units. These were reported as Form 4 code F transactions, meaning shares were surrendered to cover tax obligations, not sold on the open market.

How many SPXC shares were disposed of for tax withholding by the executive?

Sean McClenaghan delivered 384 shares on March 1 and 356 shares on February 28 of SPX Technologies common stock. Both transactions used a price of $226.94 per share, reflecting tax-withholding dispositions rather than discretionary open-market sales of the stock.

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

The Form 4 indicates a tax-withholding disposition, not an open-market sale. Code F transactions show shares delivered back to the issuer to pay exercise price or tax liabilities due upon vesting of equity awards like restricted stock units granted to the executive.

What do the footnotes reveal about the SPXC insider tax-withholding transactions?

Footnotes explain that shares were delivered to SPX Technologies to pay withholding taxes on vested restricted stock units granted under the 2019 Stock Compensation Plan. They also note that the executive’s holdings include unvested restricted stock units with scheduled vesting in three equal annual installments.

Does Sean McClenaghan still hold SPXC equity after the reported Form 4 transactions?

Yes. The Form 4 shows that after the tax-withholding dispositions, he continues to own SPX Technologies equity directly and indirectly. Holdings include common stock, common stock held through a 401(k) plan, and employee stock options plus unvested restricted stock units vesting over future years.

What is Sean McClenaghan’s role at SPX Technologies related to this Form 4?

Sean McClenaghan is identified as an officer of SPX Technologies, serving as President of the HVAC segment. His Form 4 filing reports equity award-related share deliveries to the company, reflecting compensation and tax treatment rather than a change in his corporate role or responsibilities.