SPX Technologies (NYSE: SPXC) CFO granted stock, options; shares withheld for tax

Rhea-AI Filing Summary

SPX Technologies, Inc. reported that VP, CFO & Treasurer Mark A. Carano received new equity awards and had shares withheld for taxes. On March 2, 2026, he was granted 3,363 shares of common stock as restricted stock units and 2,537 stock options under the SPX 2019 Stock Compensation Plan, both at a stated price of $0.00 per share. On March 3, 2026, 262 common shares valued at $225.02 per share were delivered back to the company to cover withholding taxes upon vesting of previously granted restricted stock units. After these transactions, he directly owned 19,254 common shares, and some of his awards vest in three equal installments starting on dates between March 1, 2024 and March 3, 2027.

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

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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)
03/02/2026

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	03/02/2026		A(1)		3,363	A	(1)	19,516(2)	D
Common Stock	03/03/2026		F(3)		262	D	$225.02	19,254(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	$225.02	03/02/2026		A(4)		2,537		03/02/2029(5)	03/02/2036	Common Stock	2,537	(4)	2,537	D
Employee stock option to purchase common stock	$71.93							03/01/2026(6)	03/01/2033	Common Stock	5,552		5,552	D
Employee stock option to purchase common stock	$116.4							02/28/2027(7)	02/28/2034	Common Stock	4,057		4,057	D
Employee stock option to purchase common stock	$138.6							03/03/2028(8)	03/03/2035	Common Stock	3,460		3,460	D

Explanation of Responses:

1. Grant of restricted stock units under the SPX 2019 Stock Compensation Plan.

2. Includes unvested restricted stock units.

3. 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.

4. Grant of stock options pursuant to the SPX 2019 Stock Compensation Plan.

5. Vests in three equal installments beginning on March 3, 2027.

6. Vests in three equal installments beginning on March 1, 2024.

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

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

	/s/ Daniel Whitman, Attorney in Fact for Mark A. Carano	03/04/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transactions did SPXC CFO Mark Carano report in this Form 4?

SPXC CFO Mark Carano reported equity awards and a tax-related share withholding. He received restricted stock units and stock options, and 262 shares were delivered back to SPX Technologies to pay withholding taxes tied to previously granted restricted stock units that vested.

How many SPX Technologies (SPXC) shares and options were granted to the CFO?

Mark Carano was granted 3,363 shares of common stock as restricted stock units and 2,537 employee stock options. Both awards were issued under the SPX 2019 Stock Compensation Plan, with a stated grant price of $0.00 per share, reflecting compensation rather than an open-market purchase.

Why were 262 SPX Technologies shares disposed of in this Form 4 filing?

The 262 shares were delivered to SPX Technologies to pay withholding taxes due on vesting restricted stock units. This is a tax-withholding disposition at $225.02 per share, not an open-market sale, and is a common mechanism for satisfying tax obligations on equity awards.

How many SPX Technologies (SPXC) shares does the CFO own after these transactions?

After these reported transactions, Mark Carano directly owned 19,254 shares of SPX Technologies common stock. In addition, he holds indirect shares through a 401(k) plan and multiple employee stock option positions, reflecting a meaningful ongoing equity stake in the company.

What are the vesting terms of the SPXC equity awards reported for the CFO?

Certain stock option and restricted stock unit awards vest in three equal installments starting on specific dates. The footnotes state installments begin on March 1, 2024, February 28, 2025, March 3, 2026, and March 3, 2027, creating a staggered, multi-year vesting schedule.

Were the SPX Technologies CFO transactions open-market buys or sells?

No, the reported transactions were compensation-related grants and tax withholding. The Form 4 shows grants of restricted stock units and stock options at $0.00, plus a tax-withholding disposition of 262 shares, rather than discretionary open-market purchases or sales of SPX Technologies stock.