Form 4: SPX Technologies Exec Disposes Shares for Tax
Insider Transaction Report
SPX Technologies' President of Detection & Measurement, John William Swann III, disposed of 196 common shares for tax withholding purposes.
Summary
- John William Swann III, President, Detection & Measurement at SPX Technologies, Inc. (SPXC), disposed of 196 shares of common stock on March 3, 2026.
- The disposition was made to cover withholding taxes upon the vesting of previously granted restricted stock units under the SPX 2019 Stock Compensation Plan.
- The shares were valued at $225.02 per share for the transaction.
- Following this transaction, Mr. Swann directly beneficially owns 59,206 shares of common stock, which includes unvested restricted stock units.
- Additionally, Mr. Swann indirectly owns 4,246 shares through a 401(k) Plan.
- He also holds various employee stock options with different vesting schedules and expiration dates, totaling 21,474 underlying shares.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral event, representing a routine, non-discretionary transaction for tax purposes related to executive compensation, with no material impact on company operations or strategy.
Future Outlook
No forward-looking statements or guidance are provided in this Form 4.
Industry Context
StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions and typically do not provide broader industry context. This specific filing reflects a routine compensation-related event for an executive.
Comparison to Industry Standards
- This filing is a standard regulatory disclosure of an insider transaction for tax purposes, which is common across all publicly traded companies. There are no specific company or project results to compare against industry benchmarks.
Stakeholder Impact
- Shareholders: Minimal impact as this is a small, routine, non-discretionary transaction for tax purposes.
- Employees: No direct impact beyond the reporting person.
Next Steps
- Future vesting of employee stock options on various dates, with the next vesting for the $138.60 options occurring on March 3, 2026.
Key Dates
| Date | Description |
|---|---|
| 03/01/2022 | First installment vesting date for employee stock options with an exercise price of $58.34. |
| 03/01/2024 | First installment vesting date for employee stock options with an exercise price of $71.93. |
| 02/28/2025 | First installment vesting date for employee stock options with an exercise price of $116.40. |
| 03/03/2026 | Date of reported transaction for disposition of common stock for tax withholding. |
| 03/03/2026 | First installment vesting date for employee stock options with an exercise price of $138.60. |
| 03/04/2026 | Signature date of the reporting person's attorney-in-fact. |
| 03/01/2031 | Expiration date for employee stock options with an exercise price of $58.34. |
| 03/01/2033 | Expiration date for employee stock options with an exercise price of $71.93. |
| 02/28/2034 | Expiration date for employee stock options with an exercise price of $116.40. |
| 03/03/2035 | Expiration date for employee stock options with an exercise price of $138.60. |
Keywords
SPX Technologies, SPXC, John William Swann III, Form 4, Insider Transaction, Stock Compensation, Restricted Stock Units, Employee Stock Options, Tax Withholding
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