Form 4: SPX Technologies VP Natausha Heleena White Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Natausha Heleena White, VP and CHRO of SPX Technologies, reports the disposition of shares for tax withholding and holdings of common stock and stock options.
Summary
- On March 1, 2024, Natausha Heleena White, VP and CHRO of SPX Technologies, reported changes in beneficial ownership of SPXC securities.
- 1,015 shares of common stock were disposed of to cover withholding taxes due upon the vesting of restricted stock units at a price of $117.19 per share.
- Following the transaction, White directly owns 28,921 shares of common stock, including unvested restricted stock units.
- White also indirectly owns 6,056 shares through a 401(k) plan.
- White holds options to purchase common stock at various exercise prices and expiration dates, with vesting schedules beginning between March 2, 2017, and March 1, 2026.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing, reflecting standard insider trading activity. It doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the trading activities of company insiders, which can be informative for investors.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
- Employees holding stock options are affected by the vesting schedules and exercise prices.
Key Dates
| Date | Description |
|---|---|
| 03/02/2019 | Date of employee stock option grant with exercise price of $12.85. |
| 02/21/2022 | Date of employee stock option grant with exercise price of $36.51. |
| 02/20/2023 | Date of employee stock option grant with exercise price of $50.09. |
| 03/01/2024 | Transaction date for the disposition of shares and grant of employee stock option with exercise price of $58.34. |
| 03/01/2025 | Date of employee stock option grant with exercise price of $48.97. |
| 03/01/2026 | Date of employee stock option grant with exercise price of $71.93. |
| 03/05/2024 | Form 4 filing date. |
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