Form 4: SPX Technologies Executive John William Swann III Reports Share Transactions
SEC Form 4 Filing
John William Swann III, a President at SPX Technologies, reported the disposition of 1,383 shares of common stock and details of his holdings including stock options.
Summary
- John William Swann III, President of Detection & Measurement at SPX Technologies, filed a Form 4 detailing changes in his beneficial ownership of company stock.
- The filing reports the disposition of 1,383 shares of common stock at $0, likely due to vesting of restricted stock units.
- Swann also holds 81,501 shares of common stock directly and 4,115 shares indirectly through a 401(k) plan.
- The filing also details multiple employee stock options with varying exercise prices and vesting schedules.
- These options allow Swann to purchase a total of 37,457 shares of common stock at prices ranging from $48.97 to $116.40.
- The options vest in three equal installments beginning on various dates between 2021 and 2027.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing and does not contain any information that would indicate a positive or negative sentiment. It is a neutral disclosure of stock transactions.
Industry Context
This filing is a routine disclosure of executive stock transactions, which is common practice for publicly traded companies. It provides transparency into the holdings of company insiders.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies in the US, and SPX Technologies is complying with SEC regulations.
- The stock option grants and vesting schedules are typical for executive compensation packages in similar industries.
- The number of shares and options held by Mr. Swann are consistent with what would be expected for an executive of his level at a company of SPX Technologies' size.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive stock ownership.
- The transactions are unlikely to have a significant impact on other stakeholders.
Key Dates
| Date | Description |
|---|---|
| 02/20/2021 | Start date for vesting of employee stock option with exercise price of $50.09. |
| 03/01/2022 | Start date for vesting of employee stock option with exercise price of $58.34. |
| 03/01/2023 | Start date for vesting of employee stock option with exercise price of $48.97. |
| 03/01/2024 | Start date for vesting of employee stock option with exercise price of $71.93. |
| 08/27/2024 | Date of the Limited Power of Attorney. |
| 11/25/2024 | Date of the reported stock transaction. |
| 02/28/2027 | Start date for vesting of employee stock option with exercise price of $116.40. |
Keywords
SPX Technologies, Form 4, Beneficial Ownership, Stock Options, Share Transactions, Executive Compensation, Restricted Stock Units, SEC Filing
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