Form 4: SPX Technologies Officer Wayne M. McLaren Reports Changes in Beneficial Ownership

Wayne M. McLaren, Chief Accounting Officer of SPX Technologies, reports acquisition and disposal of common stock related to stock compensation plan and tax obligations.

Summary

• On February 24, 2025, Wayne M. McLaren, Chief Accounting Officer of SPX Technologies, Inc., reported transactions involving SPXC common stock.
• McLaren acquired 317 shares of common stock through a grant under the SPX 2019 Stock Compensation Plan for performance achievement during the 2022-2025 period.
• He also acquired 7,044 shares, which includes unvested restricted stock units.
• Additionally, 324 shares were disposed of at a price of $140.3 to cover withholding taxes related to the vesting of previously granted restricted stock units.
• Following these transactions, McLaren directly owns 6,720 shares and indirectly owns 549 shares through a 401(k) plan.

Sentiment

Score: 6

Explanation: Neutral sentiment as the filing reflects routine transactions related to executive compensation and tax obligations.

Positives

• The acquisition of shares through the stock compensation plan indicates a reward for performance achievement.

Negatives

• The disposal of shares to cover withholding taxes reduces the overall shareholding.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.

Comparison to Industry Standards

• Executive compensation packages including stock options and restricted stock units are standard practice among publicly traded companies like SPX Technologies.
• Companies such as Honeywell, 3M, and General Electric also utilize similar compensation strategies to align executive interests with shareholder value.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in the officer's holdings.
• Employees may be impacted positively by the stock compensation plan.

Key Dates