Form 4: SPX Technologies Director Robert Toth Reports Stock Grant
SEC Filing
Director Robert Toth reports receiving a grant of restricted stock units in SPX Technologies.
Summary
- Robert B. Toth, a director of SPX Technologies, Inc., filed a Form 4.
- The filing reports a transaction that occurred on May 14, 2024.
- Toth acquired 998 shares of common stock through a grant of restricted stock units under the SPX 2019 Stock Compensation Plan.
- Following the transaction, Toth beneficially owns 24,000 shares of common stock, including unvested restricted stock units.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing, so the sentiment is neither positive nor negative.
Positives
- The grant of restricted stock units aligns the director's interests with those of the shareholders.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding director compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 05/14/2024 | Date of transaction: Grant of restricted stock units. |
| 05/16/2024 | Date of signature on the Form 4 filing. |
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