Tax-withholding share dispositions by SPX Technologies (SPXC) chief accounting officer
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SPX Technologies, Inc. chief accounting officer Wayne M. McLaren reported tax-related share dispositions tied to vesting of restricted stock units under the SPX 2019 Stock Compensation Plan. On March 1, 2026, 125 shares of common stock were delivered to the company at $226.94 per share to cover withholding taxes. On February 28, 2026, an additional 112 shares were similarly delivered at $226.94 per share. After these transactions, McLaren directly owned 7,188 common shares, which include unvested restricted stock units, and indirectly held 697 shares through a 401(k) plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
McLaren Wayne M.
Role
CHIEF ACCOUNTING OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 125 | $226.94 | $28K |
| Tax Withholding | Common Stock | 112 | $226.94 | $25K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 7,188 shares (Direct);
Common Stock — 697 shares (Indirect, 401 (k) Plan)
Footnotes (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.
FAQ
What insider transaction did SPXC chief accounting officer report on this Form 4?
Wayne M. McLaren reported share dispositions used to pay tax withholding on vested restricted stock units. A total of 237 common shares were delivered back to SPX Technologies at $226.94 per share rather than sold in the open market.
Were the SPXC insider transactions open-market sales of common stock?
No, the transactions were not open-market sales. The filing states the shares were delivered to SPX Technologies to satisfy withholding taxes due upon vesting of restricted stock units previously granted under the SPX 2019 Stock Compensation Plan.
What role do restricted stock units play in this SPXC Form 4 filing?
The transactions arise from restricted stock units granted under the SPX 2019 Stock Compensation Plan. When these units vested, shares were issued and a portion was delivered back to SPX Technologies to pay withholding taxes, rather than paying those taxes in cash.
How are McLaren’s indirect SPXC holdings characterized in the Form 4?
The filing lists 697 common shares as indirectly owned through a 401(k) plan. This indirect ownership is coded as "I" and described as "401 (k) Plan," distinguishing it from McLaren’s directly held shares and unvested restricted stock units.