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

Rhea-AI Filing Summary

SPX Technologies VP, CFO & Treasurer Mark A. Carano reported a share withholding transaction tied to equity compensation. On February 2, 2026, he delivered 537 shares of common stock to the company at $208.41 per share to pay withholding taxes due on previously granted restricted stock units under the SPX 2019 Stock Compensation Plan.

After this transaction, he beneficially owned 18,181 shares of common stock directly, which includes unvested restricted stock units, plus 453 shares held indirectly through a 401(k) plan. He also held employee stock options to purchase 5,552, 4,057, and 3,460 shares of common stock at exercise prices of $71.93, $116.40, and $138.60, vesting in three equal installments beginning on March 1, 2024, February 28, 2025, and March 3, 2026, respectively.

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)
02/02/2026

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	02/02/2026		F(1)		537	D	$208.41	18,181(2)	D
Common Stock								453	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							02/10/2027(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/ Caroline Prescott, Attorney-in-Fact for Mark A. Carano	02/03/2026
	** 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).
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FAQ

What insider transaction did SPX Technologies (SPXC) report for Mark A. Carano?

SPX Technologies reported that VP, CFO & Treasurer Mark A. Carano delivered 537 common shares on February 2, 2026, at $208.41 per share. These shares were used to cover withholding taxes due upon vesting of restricted stock units granted under the SPX 2019 Stock Compensation Plan.

How many SPX Technologies (SPXC) shares does Mark A. Carano own after this Form 4?

After the transaction, Mark A. Carano beneficially owned 18,181 shares of SPX Technologies common stock directly, including unvested restricted stock units. He also held 453 additional shares indirectly through a 401(k) plan, reflecting his ongoing equity-based alignment with the company.

Was the SPX Technologies (SPXC) Form 4 transaction an open-market sale?

No. The 537-share disposition reported for Mark A. Carano was coded as “F,” meaning shares were delivered back to the issuer to satisfy tax withholding obligations tied to vesting restricted stock units, rather than being sold in an open-market transaction to third-party buyers.

What stock options does Mark A. Carano hold in SPX Technologies (SPXC)?

Mark A. Carano holds employee stock options to purchase 5,552 shares at $71.93, 4,057 shares at $116.40, and 3,460 shares at $138.60. These options vest in three equal installments beginning March 1, 2024, February 28, 2025, and March 3, 2026, respectively.

How are restricted stock units referenced in this SPX Technologies (SPXC) filing?

The filing explains that 537 shares were delivered to SPX Technologies to pay withholding taxes upon vesting of restricted stock units granted under the SPX 2019 Stock Compensation Plan. It also notes that Carano’s 18,181 directly owned shares include unvested restricted stock units.

What is the role of the 401(k) plan in Mark A. Carano’s SPX Technologies (SPXC) holdings?

In addition to directly owned shares, Mark A. Carano holds 453 SPX Technologies common shares indirectly through a 401(k) plan. This reflects shares accumulated in a tax-advantaged retirement account, separate from his direct and option-based equity compensation holdings.