SPX Technologies (NYSE: SPXC) VP granted stock, options and surrenders shares for taxes
Rhea-AI Filing Summary
SPX Technologies VP and CHRO Jennifer Carpenter reported new equity awards and a small tax-related share disposal. She received a grant of 1,602 shares of common stock and stock options covering 1,208 shares, both awarded at a stated price of $0.00 per share as compensation. To cover withholding taxes on previously granted restricted stock units, 79 shares of common stock were delivered back to the company at $225.02 per share. After these transactions, she holds 5,353 shares of common stock directly and 119 shares indirectly through a 401(k) plan. Related footnotes state these grants and prior units vest in three equal installments beginning on specified future dates.
Positive
- None.
Negative
- None.
Insights
Compensation grants dominate activity; tax-share surrender is routine.
Most of Jennifer Carpenter’s recent activity at SPX Technologies reflects equity compensation, not open-market trading. She was granted 1,602 shares of common stock and options for 1,208 shares, all under the SPX 2019 Stock Compensation Plan, with vesting in three equal installments starting on specified dates.
The only disposal is a Form F tax-withholding transaction, where 79 shares were delivered back to the issuer at $225.02 per share to satisfy taxes on vesting restricted stock units. This type of non-market transaction does not indicate discretionary selling.
Outstanding option positions are updated to 2,990 and 1,576 shares in separate grants, and indirect ownership includes 119 shares in a 401(k) plan. Subsequent company filings may provide additional detail on how these awards contribute to long-term executive incentives.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 79 | $225.02 | $18K |
| Grant/Award | Employee stock option to purchase common stock | 1,208 | $0.00 | -- |
| Grant/Award | Common Stock | 1,602 | $0.00 | -- |
| holding | Employee stock option to purchase common stock | -- | -- | -- |
| holding | Employee stock option to purchase common stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Grant of restricted stock units under the SPX 2019 Stock Compensation Plan. 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. Grant of stock options pursuant to the SPX 2019 Stock Compensation Plan. Vests in three equal installments beginning on March 3, 2027. Vests in three equal installments beginning on October 1, 2025. Vests in three equal installments beginning on March 3, 2026.