SPX Technologies (SPXC) officer logs equity grant and tax-share disposition
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
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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 Trade Summary
| 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 | -- | -- | -- |
Footnotes (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.
FAQ
What did Data J. Randall report in this SPXC Form 4 filing?
What is Data J. Randall’s direct SPX Technologies (SPXC) common stock ownership after these transactions?
Are the SPXC insider transactions by Data J. Randall open-market buys or sells?
What equity plans are referenced in Data J. Randall’s SPXC Form 4 filing?