Form 4: SPX Technologies VP, CLO & Secretary, Cheree H. Johnson, Reports Stock and Option Grants

Cheree H. Johnson, VP, CLO & Secretary of SPX Technologies, reports the grant of restricted stock units and stock options.

Summary

• On March 3, 2025, Cheree H. Johnson, VP, CLO & Secretary of SPX Technologies, received restricted stock units and stock options.
• She was granted 3,414 shares of common stock as restricted stock units.
• She also received a grant of 2,576 stock options with an exercise price of $138.60, vesting in three equal installments beginning March 3, 2026, and expiring on March 3, 2035.
• Additionally, she holds 5,286 employee stock options with an exercise price of $139.19, vesting in three equal installments beginning July 1, 2025, and expiring on July 1, 2034.
• Following these transactions, Johnson directly owns 7,543 shares of common stock, including unvested restricted stock units, and indirectly owns 113 shares through a 401(k) plan.

Sentiment

Score: 6

Explanation: The document is a neutral disclosure of insider transactions. It doesn't inherently indicate positive or negative sentiment, but rather provides information about executive compensation and ownership.

Positives

• The grant of restricted stock units and stock options aligns Johnson's interests with those of the shareholders.
• The vesting schedules of the stock options incentivize continued service with the company.

Future Outlook

The document does not contain any specific forward-looking statements regarding the company's future performance.

Industry Context

This filing is a routine disclosure of insider transactions, which is common for publicly traded companies. It provides transparency into the compensation and equity ownership of key executives.

Comparison to Industry Standards

• Stock option and restricted stock unit grants are standard components of executive compensation packages in publicly traded companies.
• Vesting schedules are designed to retain key personnel and align their interests with long-term shareholder value.
• The specific terms of the grants (number of shares, exercise price, vesting schedule) would need to be compared to peer companies to assess their competitiveness.

Stakeholder Impact

• Shareholders can use this information to understand executive compensation practices.
• Employees may be interested in the equity ownership of company leadership.

Key Dates