SPX Technologies CEO exercises options, sells shares
SPX Technologies, Inc. president and CEO Eugene Joseph Lowe III reported a mix of option exercises, share sales, and tax-related share dispositions.
Rhea-AI Filing Summary
SPX Technologies, Inc. president and CEO Eugene Joseph Lowe III reported a mix of option exercises, share sales, and tax-related share dispositions. On March 2, 2026, he exercised employee stock options covering 82,405 shares of common stock at $27.40 per share, receiving the same number of common shares. That day he sold a total of 41,416 shares of common stock in open-market transactions at weighted average prices ranging from $223.73 to $226.44 per share. On February 28–March 1, 2026, an additional 4,323 shares were delivered to the issuer to satisfy withholding taxes due upon vesting of restricted stock units. Following these transactions, he continued to hold a substantial direct common stock position and also had indirect holdings in a 401(k) plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
16 txns
Insider
Lowe Eugene Joseph III
Role
PRESIDENT AND CEO
Sold
41,416 shs ($9.33M)
Approx. gross sale proceeds
$9.33M
Approx. exercise cost
$2.26M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee stock option to purchase common stock | 82,405 | $0.00 | $0.00 |
| Exercise | Common Stock | 82,405 | $27.40 | $2.26M |
| Sale | Common Stock | 6,508 | $224.36 | $1.46M |
| Sale | Common Stock | 29,830 | $225.23 | $6.72M |
| Sale | Common Stock | 5,078 | $225.85 | $1.15M |
| Exercise Price or Tax Liability | Common Stock | 2,507 | $226.94 | $569K |
| Exercise Price or Tax Liability | Common Stock | 1,816 | $226.94 | $412K |
| 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:
Employee stock option to purchase common stock — 378,369 contracts (Direct);
Common Stock — 801,795 shares (Direct);
Common Stock — 4,212 shares (Indirect, 401 (k) Plan)
Footnotes (14)
- F1. 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.
- F2. Includes unvested restricted stock units.
- F3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $223.73 to $224.73, inclusive. The reporting person undertakes to provide to SPX Technologies, Inc., any security holder of SPX Technologies, Inc., or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
- F4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $224.74 to $225.74, inclusive. The reporting person undertakes to provide to SPX Technologies, Inc., any security holder of SPX Technologies, Inc., or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
- F5. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $225.75 to $226.44, inclusive. The reporting person undertakes to provide to SPX Technologies, Inc., any security holder of SPX Technologies, Inc., or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
- F6. Vests in three equal installments beginning on March 1, 2018.
- F7. Vests in three equal installments beginning on February 22, 2019.
- F8. Vests in three equal installments beginning on February 21, 2020.
- F9. Vests in three equal installments beginning on February 20, 2021.
- F10. Vests in three equal installments beginning on March 1, 2022.
- F11. Vests in three equal installments beginning on March 1, 2023.
- F12. Vests in three equal installments beginning on March 1, 2024.
- F13. Vests in three equal installments beginning on February 28, 2025.
- F14. Vests in three equal installments beginning on March 3, 2026.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did SPX Technologies (SPXC) CEO report?
SPX Technologies CEO Eugene Joseph Lowe III reported option exercises, open-market share sales, and tax-withholding share deliveries. The filing details multiple transactions in late February and early March 2026 involving common stock and employee stock options.
How many SPX Technologies (SPXC) options did the CEO exercise?
On March 2, 2026, the CEO exercised employee stock options for 82,405 shares of SPX Technologies common stock at an exercise price of $27.40 per share, receiving the same number of common shares in the transaction.
What do the weighted average prices in the SPX Technologies (SPXC) filing mean?
The filing explains that reported sale prices are weighted averages for multiple trades. For example, some shares were sold between $223.73 and $226.44 per share, with detailed trade-by-trade pricing available from SPX Technologies or the reporting person upon request.
AI-generated analysis. How Rhea-AI works. Not financial advice.
