SPX Technologies (SPXC) director receives 754-share restricted stock grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sethna Meenal reported acquisition or exercise transactions in this Form 4 filing.
SPX Technologies director Meenal Sethna received 754 shares of Common Stock as a grant of restricted stock units under the SPX 2019 Stock Compensation Plan. After this award, Sethna directly holds a total of 14,968 shares of Common Stock, which includes unvested restricted stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Sethna Meenal
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 754 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 14,968 shares (Direct, null)
Footnotes (1)
- Grant of restricted stock units under the SPX 2019 Stock Compensation Plan. Includes unvested restricted stock units.
Key Figures
RSU grant: 754 shares
Transaction price: $0.0000 per share
Total shares after transaction: 14,968 shares
3 metrics
RSU grant
754 shares
Restricted stock units granted on 2026-05-12
Transaction price
$0.0000 per share
Equity compensation, not open-market purchase
Total shares after transaction
14,968 shares
Direct holdings after RSU grant, includes unvested units
Key Terms
restricted stock units, SPX 2019 Stock Compensation Plan, Common Stock, Grant, award, or other acquisition
4 terms
restricted stock units financial
"Grant of restricted stock units under the SPX 2019 Stock Compensation Plan."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
SPX 2019 Stock Compensation Plan financial
"Grant of restricted stock units under the SPX 2019 Stock Compensation Plan."
Common Stock financial
"security_title: Common Stock"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
FAQ
What insider transaction did SPX Technologies (SPXC) director Meenal Sethna report?
Director Meenal Sethna reported receiving 754 shares of SPX Technologies Common Stock as a grant of restricted stock units. This was a compensation-related award, not an open-market purchase, and was made under the SPX 2019 Stock Compensation Plan.
What type of security was involved in Meenal Sethna’s SPX Technologies (SPXC) transaction?
The transaction involved SPX Technologies Common Stock through a grant of restricted stock units. These units are equity awards that typically vest over time and convert into common shares according to the company’s compensation plan terms.
Under which plan were Meenal Sethna’s SPX Technologies (SPXC) restricted stock units granted?
The restricted stock units granted to Meenal Sethna were issued under the SPX 2019 Stock Compensation Plan. This plan governs equity-based awards to eligible participants, including directors, as part of their overall compensation structure.