Form 4: SPX Technologies CFO Mark Carano Reports Stock Transactions
SEC Form 4
Mark Carano, CFO of SPX Technologies, reports the disposition of shares for tax withholding and holdings of common stock and stock options.
Summary
- Mark Carano, the VP, CFO & Treasurer of SPX Technologies, Inc., filed a Form 4 on February 5, 2025, reporting changes in beneficial ownership of the company's stock.
- On February 3, 2025, Carano disposed of 549 shares of common stock at a price of $148.52 to cover withholding taxes related to the vesting of restricted stock units.
- Following the transaction, Carano directly owns 14,741 shares of common stock, including unvested restricted stock units, and indirectly owns 276 shares through a 401(k) plan.
- Carano also holds employee stock options to purchase 5,552 shares at $71.93, vesting in installments beginning March 1, 2024, and 4,057 shares at $116.4, vesting in installments beginning February 28, 2025.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of stock transactions. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, as required by SEC regulations. It provides transparency into the trading activities of key personnel at SPX Technologies.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves the disposition of shares by an executive for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | First vesting date for employee stock option to purchase common stock at $71.93. |
| 02/03/2025 | Transaction date: Disposition of 549 shares for tax withholding. |
| 02/05/2025 | Date of Form 4 filing. |
| 02/28/2025 | First vesting date for employee stock option to purchase common stock at $116.4. |
| 03/01/2026 | Expiration date for first employee stock option to purchase common stock at $71.93. |
| 02/28/2027 | Expiration date for first employee stock option to purchase common stock at $116.4. |
| 03/01/2033 | Expiration date for employee stock option to purchase common stock at $71.93. |
| 02/16/2034 | Expiration date for employee stock option to purchase common stock at $116.4. |
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