Form 4: SPX Technologies Executive John William Swann III Reports Stock Transactions
SEC Form 4
John William Swann III, an executive at SPX Technologies, reported the exercise of stock options and the sale of common stock on March 20, 2024.
Summary
- On March 20, 2024, John William Swann III, President of Detection & Measurement at SPX Technologies, executed stock options to acquire 12,361 shares at $32.69 and 13,556 shares at $36.51.
- He also sold 21,307 shares at a weighted average price of $117.41 and 11,018 shares at a weighted average price of $118.
- Following these transactions, Swann directly owns 93,902 shares of common stock and indirectly owns 4,109 shares through a 401(k) plan.
- He also holds options to purchase additional shares at prices ranging from $48.97 to $116.40, which vest in installments over the coming years.
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 Form 4 filing is a routine disclosure required by the SEC when corporate insiders, like John William Swann III, trade their company's stock. It provides transparency into the transactions of key personnel and their holdings in the company.
Stakeholder Impact
- Shareholders may be interested in the trading activity of company executives as it can provide insights into their perspective on the company's value and future prospects.
Key Dates
| Date | Description |
|---|---|
| 02/22/2019 | First vesting date for employee stock option to purchase common stock at $32.69. |
| 02/21/2020 | First vesting date for employee stock option to purchase common stock at $36.51. |
| 02/20/2021 | First vesting date for employee stock option to purchase common stock at $50.09. |
| 03/01/2022 | First vesting date for employee stock option to purchase common stock at $58.34. |
| 03/01/2023 | First vesting date for employee stock option to purchase common stock at $48.97. |
| 03/01/2024 | First vesting date for employee stock option to purchase common stock at $71.93. |
| 03/20/2024 | Date of stock option exercise and stock sale transactions. |
| 02/28/2025 | First vesting date for employee stock option to purchase common stock at $116.40. |
| 03/01/2031 | Expiration date for employee stock option to purchase common stock at $58.34. |
| 03/01/2032 | Expiration date for employee stock option to purchase common stock at $48.97. |
| 03/01/2033 | Expiration date for employee stock option to purchase common stock at $71.93. |
| 02/28/2034 | Expiration date for employee stock option to purchase common stock at $116.40. |
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