Form 4: SPX Technologies Executive Wayne M. McLaren Reports Stock Transactions
SEC Form 4 Filing
Wayne M. McLaren, Chief Accounting Officer of SPX Technologies, reports acquisition of restricted stock units.
Summary
- On February 28, 2024, Wayne M. McLaren, Chief Accounting Officer of SPX Technologies, acquired 1,288 shares of common stock and was granted restricted stock units under the SPX 2019 Stock Compensation Plan.
- Following the transaction, McLaren directly owns 6,928 shares of common stock, which includes unvested restricted stock units, and indirectly owns 368 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the stock transactions of a key executive.
Key Dates
| Date | Description |
|---|---|
| 02/28/2024 | Date of transaction: acquisition of common stock and grant of restricted stock units. |
| 03/01/2024 | Date of signature by Attorney-in-fact. |
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