SPX Technologies (SPXC) CEO gets 14,619-share award, delivers 22,562 for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SPX Technologies, Inc. President and CEO Eugene Joseph Lowe III reported equity compensation and related tax withholding transactions in company stock. On February 24, 2026, he received a grant of 14,619 shares of common stock at $0.00 per share, tied to achievement under the SPX 2019 Stock Compensation Plan for the 2023–2025 performance period.
On the same date, 22,562 common shares at $237.18 per share were delivered back to the issuer to cover withholding taxes upon vesting of previously granted restricted stock units. After these transactions, he directly held 765,129 common shares, and indirectly held 5,035 common shares through a 401(k) plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
12 transactions reported
Mixed
12 txns
Insider
Lowe Eugene Joseph III
Role
PRESIDENT AND CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 14,619 | $0.00 | -- |
| Tax Withholding | Common Stock | 22,562 | $237.18 | $5.35M |
| 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 | 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 | Employee stock option to purchase common stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 787,691 shares (Direct);
Employee stock option to purchase common stock — 82,405 shares (Direct);
Common Stock — 5,035 shares (Indirect, 401 (k) Plan)
Footnotes (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, 2018. Vests in three equal installments beginning on February 22, 2019. Vests in three equal installments beginning on February 21, 2020. Vests in three equal installments beginning on February 20, 2021. Vests in three equal installments beginning on March 1, 2022. Vests in three equal installments beginning on March 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.
FAQ
What insider transactions did SPXC CEO Eugene Lowe report?
Eugene Joseph Lowe III reported a stock grant and a tax-withholding share disposition. He received 14,619 SPX Technologies common shares and delivered 22,562 shares back to the issuer to satisfy withholding taxes on vesting restricted stock units.
What compensation plan governs the SPXC CEO’s recent stock grant?
The stock grant is under the SPX 2019 Stock Compensation Plan. The 14,619-share award reflects achievement of performance goals for the 2023–2025 performance period, and is part of the company’s long-term equity incentive compensation structure.