Form 4: SPX Technologies Executive Wayne M. McLaren Reports Stock Transaction
SEC Form 4 Filing
Wayne M. McLaren, Chief Accounting Officer of SPX Technologies, reports disposition of shares to cover withholding taxes upon vesting of restricted stock units.
Summary
- On March 1, 2024, Wayne M. McLaren, Chief Accounting Officer of SPX Technologies, Inc., engaged in a transaction involving the company's common stock.
- McLaren disposed of 201 shares at a price of $117.19 per share to cover withholding taxes due upon the vesting of restricted stock units.
- Following the transaction, McLaren directly owns 6,727 shares of common stock, including unvested restricted stock units.
- Additionally, McLaren indirectly owns 368 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: Neutral sentiment as this is a routine transaction related to executive compensation and tax obligations.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to monitor potential alignment of interests between management and shareholders.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders as it is a routine part of executive compensation.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of stock transaction (disposal of shares). |
| 03/05/2024 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.