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SPX Technologies (SPXC) officer logs equity grant and tax-share disposition

Filing Impact
(Very High)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

SPX Technologies, Inc. executive Data J. Randall reported equity compensation activity in Common Stock. He received a grant of 2,735 shares at $0.0000 per share for achieving performance targets under the SPX 2019 Stock Compensation Plan for the 2023-2025 period. On the same date, 3,590 shares were delivered back to the company at $237.18 per share to cover withholding taxes upon the vesting of previously granted restricted stock units. After these transactions, he directly owned 37,165 common shares, with additional holdings reflected in employee stock options and a 401(k) plan.

Positive

  • None.

Negative

  • None.

Insights

Routine equity award with tax-share withholding; no clear thesis impact.

Data J. Randall, an officer of SPX Technologies, Inc., received 2,735 common shares as a performance-based grant under the SPX 2019 Stock Compensation Plan for the 2023-2025 performance period. This is standard long-term incentive compensation paid in stock.

Separately, 3,590 shares were surrendered at $237.18 per share to satisfy tax withholding on vesting restricted stock units, coded as a tax-withholding disposition rather than an open-market sale. The filing also updates his option and 401(k) share balances. Overall ownership changes are modest and administrative in nature.

Insider Data J Randall
Role PRES., HEATING AND GLOBAL OPER
Type Security Shares Price Value
Grant/Award Common Stock 2,735 $0.00 --
Tax Withholding Common Stock 3,590 $237.18 $851K
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 — 40,755 shares (Direct); Employee stock option to purchase common stock — 3,272 shares (Direct); Common Stock — 3,810 shares (Indirect, 401 (k) Plan)
Footnotes (1)
  1. Grant of shares under the SPX 2019 Stock Compensation Plan for achievement of performance for the 2023-2025 performance period. Includes unvested restricted stock units. 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 Vests in three equal installments beginning on March 1, 2023. Vests in three equal installments beginning on March 1, 2024. Vests in three equal installments beginning on February 28, 2025.
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
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
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*
Data J Randall

(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)
PRES., HEATING AND GLOBAL OPER
3. Date of Earliest Transaction (Month/Day/Year)
02/24/2026
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 02/24/2026 A(1) 2,735 A (1) 40,755(2) D
Common Stock 02/24/2026 F(3) 3,590 D $237.18 37,165(2) D
Common Stock 3,810 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 $48.97 03/01/2025(4) 03/01/2032 Common Stock 3,272 3,272 D
Employee stock option to purchase common stock $71.93 03/01/2026(5) 03/01/2033 Common Stock 6,305 6,305 D
Employee stock option to purchase common stock $116.4 02/10/2027(6) 02/28/2034 Common Stock 6,850 6,850 D
Explanation of Responses:
1. Grant of shares under the SPX 2019 Stock Compensation Plan for achievement of performance for the 2023-2025 performance period.
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. Vests in three equal installments beginning on March 1, 2023.
5. Vests in three equal installments beginning on March 1, 2024.
6. Vests in three equal installments beginning on February 28, 2025.
/s/ Caroline Prescott, Attorney in Fact for J. Randall Data 02/26/2026
** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Data J. Randall report in this SPXC Form 4 filing?

Data J. Randall reported a grant of 2,735 SPX Technologies common shares as equity compensation and the delivery of 3,590 shares to cover tax withholding on vesting restricted stock units, updating his direct and plan-related share holdings.

How many SPX Technologies (SPXC) shares did Data J. Randall receive as an award?

He received 2,735 SPX Technologies common shares at $0.0000 per share. The footnotes state this grant was made under the SPX 2019 Stock Compensation Plan for achieving performance targets during the 2023-2025 performance period, reflecting long-term incentive compensation.

Why were 3,590 SPX Technologies (SPXC) shares disposed of in this Form 4?

The 3,590 shares were delivered back to SPX Technologies at $237.18 per share to pay withholding taxes due upon vesting of restricted stock units granted under the SPX 2019 Stock Compensation Plan, a tax-withholding disposition rather than an open-market sale.

What is Data J. Randall’s direct SPX Technologies (SPXC) common stock ownership after these transactions?

After the award and tax-withholding disposition, Data J. Randall directly owned 37,165 SPX Technologies common shares. Additional positions are reported as employee stock options and in a 401(k) plan, which are categorized as separate indirect and derivative holdings.

Are the SPXC insider transactions by Data J. Randall open-market buys or sells?

No open-market buys or sells are reported. The Form 4 shows a stock grant with a zero price and a tax-withholding disposition where shares were delivered to the issuer to cover taxes on vesting restricted stock units, both standard compensation-related events.

What equity plans are referenced in Data J. Randall’s SPXC Form 4 filing?

The transactions reference the SPX 2019 Stock Compensation Plan. The award of 2,735 shares relates to achieving performance for the 2023-2025 period, and the tax-withholding share delivery is tied to restricted stock units previously granted under the same plan.
SPX TECHNOLOGIES INC

NYSE:SPXC

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48.23M
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United States
CHARLOTTE