SPX Technologies (SPXC) CFO surrenders shares to cover RSU tax withholding

Rhea-AI Filing Summary

SPX Technologies VP, CFO & Treasurer Mark A. Carano disposed shares to cover taxes tied to equity awards. On March 1, 2026 he delivered 414 shares of common stock at $226.94 per share, and on February 28, 2026 he delivered 305 shares at the same price, each as a tax-withholding disposition upon vesting of restricted stock units under the SPX 2019 Stock Compensation Plan. After these transactions, he directly held 16,153 common shares and indirectly held 462 shares through a 401(k) plan, in addition to employee stock options and unvested restricted stock units that vest in installments beginning in 2024, 2025, and 2026.

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^*

Carano Mark A

(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)
	VP, CFO & TREASURER

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)		305	D	$226.94	16,567(2)	D
Common Stock	03/01/2026		F(1)		414	D	$226.94	16,153(2)	D
Common Stock								462	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	$71.93							03/01/2026(3)	03/01/2033	Common Stock	5,552		5,552	D
Employee stock option to purchase common stock	$116.4							02/28/2027(4)	02/28/2034	Common Stock	4,057		4,057	D
Employee stock option to purchase common stock	$138.6							03/03/2028(5)	03/03/2035	Common Stock	3,460		3,460	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, 2024.

4. Vests in three equal installments beginning on February 28, 2025.

5. Vests in three equal installments beginning on March 3, 2026.

	/s/ Daniel Whitman, Attorney in Fact for Mark A. Carano	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.
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.

FAQ

What did SPX Technologies (SPXC) executive Mark A. Carano report on this Form 4?

Mark A. Carano reported two tax-withholding share dispositions related to vesting restricted stock units. He delivered shares of SPX Technologies common stock to the company to pay withholding taxes due when his equity awards vested.

How many SPX Technologies (SPXC) shares did Mark A. Carano dispose of for tax withholding?

Carano disposed of 414 shares on March 1, 2026 and 305 shares on February 28, 2026. Both transactions were tax-withholding dispositions tied to vesting restricted stock units, not open-market sales, at a price of $226.94 per share.

At what price were Mark A. Carano’s SPX Technologies (SPXC) shares delivered for taxes?

The tax-withholding dispositions used a price of $226.94 per share for both the 414 shares delivered on March 1, 2026 and the 305 shares delivered on February 28, 2026, according to the reported transaction details.

How many SPX Technologies (SPXC) shares does Mark A. Carano hold after these transactions?

After the reported tax-withholding dispositions, Carano directly holds 16,153 shares of SPX Technologies common stock. He also indirectly holds 462 shares through a 401(k) plan, in addition to various employee stock options and unvested restricted stock units.

What do the footnotes say about Mark A. Carano’s SPX Technologies (SPXC) equity awards?

The footnotes explain that shares were delivered to SPX Technologies to pay withholding taxes on vesting restricted stock units. They also state that his holdings include unvested restricted stock units that vest in three equal installments beginning in 2024, 2025, and 2026.

Are Mark A. Carano’s SPX Technologies (SPXC) transactions open-market sales or tax-related?

The reported transactions are tax-withholding dispositions, not open-market sales. Shares were delivered to the issuer to satisfy withholding taxes due upon the vesting of restricted stock units granted under the SPX 2019 Stock Compensation Plan.