Form 4: SPX Technologies Executive John William Swann III Reports Stock Transactions
SEC Form 4
John William Swann III, a top executive at SPX Technologies, reported the disposal of shares to cover withholding taxes and details of stock options.
Summary
- John William Swann III, President of Detection & Measurement at SPX Technologies, reported transactions involving SPXC common stock.
- On February 28, 2025, Swann disposed of 254 shares at $143.94 to cover withholding taxes related to vesting restricted stock units.
- On March 3, 2025, Swann disposed of 827 shares at $145.65 for the same reason.
- Following these transactions, Swann directly owns 79,574 shares of common stock and indirectly owns 4,180 shares through a 401(k) plan.
- Swann also holds employee stock options to purchase a total of 37,457 shares at prices ranging from $48.97 to $116.40, which vest in installments through February 28, 2027.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing, and the transactions are related to tax obligations, so the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The transactions have a minimal impact on stakeholders as they are related to tax obligations from vesting restricted stock units.
Key Dates
| Date | Description |
|---|---|
| 02/20/2023 | Employee stock option to purchase common stock $ 50.09 |
| 03/01/2024 | Employee stock option to purchase common stock $ 58.34 |
| 03/01/2025 | Employee stock option to purchase common stock $ 48.97 |
| 02/28/2025 | Transaction date for disposal of 254 shares. |
| 03/03/2025 | Transaction date for disposal of 827 shares. |
| 03/04/2025 | Date of the report. |
| 03/01/2026 | Employee stock option to purchase common stock $ 71.93 |
| 02/28/2027 | Employee stock option to purchase common stock $ 116.4 |
| 02/20/2030 | Expiration date for employee stock option to purchase common stock $ 50.09 |
| 03/01/2031 | Expiration date for employee stock option to purchase common stock $ 58.34 |
| 03/01/2032 | Expiration date for employee stock option to purchase common stock $ 48.97 |
| 03/01/2027 | Expiration date for employee stock option to purchase common stock $ 71.93 |
| 02/28/2034 | Expiration date for employee stock option to purchase common stock $ 116.4 |
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