SPX Technologies (NYSE: SPXC) president receives stock, options grants

Rhea-AI Filing Summary

SPX Technologies, Inc. executive Sean McClenaghan, President of the HVAC segment, reported equity awards and a tax-related share disposition. On March 2, 2026, he received 4,164 shares of common stock and 3,141 employee stock options at a grant price of $0.00 under the SPX 2019 Stock Compensation Plan, with related awards vesting in three equal installments beginning on specified future dates. On March 3, 2026, 278 shares of common stock at $225.02 per share were delivered to the issuer to cover withholding taxes due upon vesting of previously granted restricted stock units, reducing but not eliminating his direct holdings. After these transactions, he directly owned 27,314 shares of common stock and several blocks of employee stock options, and indirectly held 530 shares through a 401(k) plan.

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^*

McClenaghan Sean

(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)
	PRESIDENT, HVAC SEGMENT

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)		4,164	A	(1)	27,592(2)	D
Common Stock	03/03/2026		F(3)		278	D	$225.02	27,314(2)	D
Common Stock								530	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)		3,141		03/02/2029(5)	03/02/2036	Common Stock	3,141	(4)	3,141	D
Employee stock option to purchase common stock	$55.22							10/01/2025(6)	10/01/2032	Common Stock	20,585		20,585	D
Employee stock option to purchase common stock	$71.93							03/01/2026(7)	03/01/2033	Common Stock	5,948		5,948	D
Employee stock option to purchase common stock	$116.4							02/28/2027(8)	02/28/2034	Common Stock	5,269		5,269	D
Employee stock option to purchase common stock	$138.6							03/03/2028(9)	03/03/2035	Common Stock	4,229		4,229	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 October 1, 2023.

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

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

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

	/s/ Daniel Whitman, Attorney in Fact for Sean McClenaghan	03/04/2026
	** 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 insider transactions did SPX Technologies (SPXC) report for Sean McClenaghan?

SPX Technologies reported that Sean McClenaghan received grants of 4,164 shares of common stock and 3,141 employee stock options, and 278 shares were delivered to the issuer to cover tax withholding on vested restricted stock units.

Were the SPXC insider transactions open-market buys or sells for Sean McClenaghan?

The filing shows equity awards and a tax-withholding disposition, not open-market trades. Shares and options were granted at a $0.00 grant price, while 278 shares were delivered back to the issuer to satisfy withholding taxes on vested restricted stock units.

How many SPX Technologies shares does Sean McClenaghan own after this Form 4?

After the reported transactions, Sean McClenaghan directly owns 27,314 shares of SPX Technologies common stock and indirectly holds 530 shares through a 401(k) plan, in addition to several outstanding employee stock option grants reported as separate holdings.

What stock option grants did SPX Technologies (SPXC) report for Sean McClenaghan?

The Form 4 shows a grant of 3,141 employee stock options with a $0.00 grant price under the SPX 2019 Stock Compensation Plan, plus several existing option holdings with post-transaction balances of 20,585, 5,948, 5,269, and 4,229 options, each subject to scheduled vesting.

How are Sean McClenaghan’s new SPXC equity awards scheduled to vest?

Footnotes state that restricted stock units and options granted under the SPX 2019 Stock Compensation Plan vest in three equal installments, with different awards beginning on dates such as October 1, 2023 and March 3, 2026, spreading vesting over multiple years.

Why were 278 SPX Technologies shares delivered to the issuer in this filing?

According to the disclosure, 278 shares of SPX Technologies common stock were delivered to the issuer at $225.02 per share to pay withholding taxes due upon the vesting of previously granted restricted stock units under the SPX 2019 Stock Compensation Plan.