SPX Technologies director gifts 24,892 shares
Rhea-AI Filing Summary
For SPX Technologies, Inc. (SPXC), director Robert B. Toth reported an internal reallocation of 24,892 shares of common stock on 2026-08-31 via a bona fide gift. A revocable trust of his spouse transferred 24,892 indirectly held shares to a family limited partnership whose general partner is an LLC for which he is sole member and manager. Following these moves, he reports 24,892 shares held indirectly through the family limited partnership and 754 shares held directly, which include unvested restricted stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
49,784 shares gifted
Gift
3 txns
Insider
Toth Robert B
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock F1 | 24,892 | $0.00 | $0.00 |
| Gift | Common Stock F1 | 24,892 | $0.00 | $0.00 |
| holding | Common Stock F2 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 0 shares (Indirect, By Spouse);
Common Stock — 24,892 shares (Indirect, By family limited partnership);
Common Stock — 754 shares (Direct)
Footnotes (2)
- F1. Reflects the gift by a revocable trust of the spouse of the reporting person of 24,892 shares to a family limited partnership, the general partner of which is a limited liability company of which the reporting person is the sole member and manager.
- F2. Includes unvested restricted stock units.
Key Figures
Gifted shares: 24,892 shares of Common Stock
Indirect holdings after transaction: 24,892 shares of Common Stock
Direct holdings after transaction: 754 shares of Common Stock
+1 more
4 metrics
Gifted shares
24,892 shares of Common Stock
Bona fide gift transferred on 2026-08-31 from spouse’s revocable trust to family limited partnership
Indirect holdings after transaction
24,892 shares of Common Stock
Held indirectly by family limited partnership following the gift transaction
Direct holdings after transaction
754 shares of Common Stock
Directly held by the reporting person and includes unvested restricted stock units
Total gifted shares reported
49,784 shares of Common Stock
Transaction summary giftShares across two gift entries (one dispose, one acquire) in the filing
Key Terms
bona fide gift, family limited partnership, revocable trust, restricted stock units
4 terms
bona fide gift regulatory
"The transaction code description is "Bona fide gift" for the share transfer"
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
family limited partnership financial
"24,892 shares to a family limited partnership, the general partner of which"
revocable trust financial
"Reflects the gift by a revocable trust of the spouse of the reporting person"
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
restricted stock units financial
"Includes unvested restricted stock units"
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.
FAQ
What insider transactions did SPXC director Robert B. Toth report on this Form 4?
Robert B. Toth reported a bona fide gift of 24,892 SPXC shares on 2026-08-31, moving them from a spouse’s revocable trust to a family limited partnership associated with him. This represents an internal transfer among related entities rather than an open-market trade.
What are Robert B. Toth’s SPXC holdings after the reported transactions?
After the transactions, Robert B. Toth reports 24,892 SPXC shares held indirectly through a family limited partnership and 754 shares held directly. The 754 direct shares include unvested restricted stock units, as disclosed in a footnote.
Were the SPXC transactions by Robert B. Toth made under a Rule 10b5-1 plan?
The Form 4 indicates the Rule 10b5-1 checkbox is not checked, and there is no footnote stating the transactions were made under a trading plan. The reported activity is characterized as a bona fide gift between related entities.
AI-generated analysis. How Rhea-AI works. Not financial advice.
