SPX Technologies (SPXC) executive disposes shares to cover RSU tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SPX Technologies, Inc. executive John William Swann III, President of Detection & Measurement, reported two tax-related share dispositions in company stock. On March 1, 2026, he delivered 356 shares of common stock at $226.94 per share, and on February 28, 2026, he delivered 264 shares at the same price. According to footnotes, these shares were delivered back to the company to cover withholding taxes due upon the vesting of previously granted restricted stock units. After these transactions, he directly held 59,402 common shares, with additional indirect holdings in a 401(k) plan and several employee stock option positions.
Positive
- None.
Negative
- None.
Insider Trade Summary
7 transactions reported
Mixed
7 txns
Insider
Swann John William III
Role
PRES., DETECTION & MEASUREMENT
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 356 | $226.94 | $81K |
| Tax Withholding | Common Stock | 264 | $226.94 | $60K |
| 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 — 59,402 shares (Direct);
Employee stock option to purchase common stock — 8,101 shares (Direct);
Common Stock — 4,246 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. 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.
FAQ
What insider activity did SPX Technologies (SPXC) report for John William Swann III?
SPX Technologies reported that executive John William Swann III disposed of shares to cover tax withholding on vested restricted stock units. He delivered 356 shares on March 1, 2026, and 264 shares on February 28, 2026, both at $226.94 per share.
Were the SPX Technologies (SPXC) insider transactions open-market sales?
The transactions were not open-market sales but tax-withholding dispositions. Shares were delivered back to SPX Technologies to satisfy withholding taxes due on vesting restricted stock units, as described in the filing footnotes under the company’s 2019 Stock Compensation Plan.
What compensation plan is referenced in the SPX Technologies (SPXC) Form 4 footnotes?
The Form 4 footnotes reference the SPX 2019 Stock Compensation Plan. The shares delivered in these transactions covered withholding taxes on the vesting of restricted stock units previously granted under this plan, with some awards vesting in three equal annual installments beginning on specified dates.
Do the SPX Technologies (SPXC) footnotes mention future vesting schedules for awards?
Yes. Footnotes describe several awards that vest in three equal installments beginning on March 1, 2022, March 1, 2024, February 28, 2025, and March 3, 2026. These schedules apply to restricted stock units or options granted under SPX Technologies’ equity compensation programs.