SPX Technologies (SPXC) director Utley receives 754 restricted stock units as award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Utley Tana Leigh reported acquisition or exercise transactions in this Form 4 filing.
SPX Technologies director Tana Leigh Utley received a grant of 754 shares of Common Stock in the form of restricted stock units under the SPX 2019 Stock Compensation Plan. The grant carried no cash purchase price, reflecting equity-based compensation rather than an open-market buy.
After this award, Utley directly holds 41,347 shares of SPX Technologies common stock, a figure that includes unvested restricted stock units. This filing records a routine compensation-related equity grant, not a discretionary market transaction.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Utley Tana Leigh
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 754 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 41,347 shares (Direct, null)
Footnotes (1)
- Grant of restricted stock units under the SPX 2019 Stock Compensation Plan. Includes unvested restricted stock units.
Key Figures
RSU grant size: 754 shares
Grant price: $0.0000 per share
Post-transaction holdings: 41,347 shares
+1 more
4 metrics
RSU grant size
754 shares
Restricted stock unit grant of Common Stock
Grant price
$0.0000 per share
Indicates award, not cash purchase
Post-transaction holdings
41,347 shares
Direct holdings after grant, includes unvested RSUs
Transaction code
A (grant/award acquisition)
Classified as non-derivative equity award
Key Terms
restricted stock units, SPX 2019 Stock Compensation Plan, unvested restricted stock units, Grant, award, or other acquisition
4 terms
restricted stock units financial
"Grant of restricted stock units under the SPX 2019 Stock Compensation Plan."
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.
SPX 2019 Stock Compensation Plan financial
"Grant of restricted stock units under the SPX 2019 Stock Compensation Plan."
unvested restricted stock units financial
"Includes unvested restricted stock units."
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
FAQ
What did SPX Technologies (SPXC) director Tana Leigh Utley report on this Form 4?
Tana Leigh Utley reported receiving 754 shares of SPX Technologies Common Stock as a restricted stock unit grant. The award was made under the SPX 2019 Stock Compensation Plan and reflects equity compensation, not an open-market purchase of shares.
What type of transaction is reported for SPX Technologies (SPXC) on this Form 4?
The transaction is classified as a grant, award, or other acquisition of Common Stock. It consists of 754 restricted stock units awarded under the SPX 2019 Stock Compensation Plan, recorded as a non-derivative, direct ownership acquisition for compensation purposes.
Does the SPX Technologies (SPXC) Form 4 mention unvested restricted stock units?
Yes, the filing notes that the post-transaction total of 41,347 shares includes unvested restricted stock units. This clarifies that a portion of Utley’s reported holdings remains subject to vesting conditions under the company’s equity compensation arrangements.