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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) | ||
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1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) |
4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Employee stock option to purchase common stock | $ 12.36 | 02/29/2024 | M | 100,000 | 10/13/2018(13) | 10/13/2025 | Common Stock | 100,000 | $ 0 | 232,673 | D | ||||
| Employee stock option to purchase common stock | $ 21.16 | 02/29/2024 | M | 28,000 | 01/02/2018(14) | 01/02/2025 | Common Stock | 28,000 | $ 0 | 17,776 | D | ||||
| Employee stock option to purchase common stock | $ 12.36 | 03/01/2024 | M | 119,548 | 10/13/2018(13) | 10/13/2025 | Common Stock | 119,548 | $ 0 | 113,125 | D | ||||
| Employee stock option to purchase common stock | $ 21.16 | 03/01/2024 | M | 17,776 | 01/02/2018(14) | 01/02/2025 | Common Stock | 17,776 | $ 0 | 0 | D | ||||
| Employee stock option to purchase common stock | $ 12.36 | 03/04/2024 | M | 113,125 | 10/13/2018(13) | 10/13/2025 | Common Stock | 113,125 | $ 0 | 0 | D | ||||
| Employee stock option to purchase common stock | $ 12.85 | 03/02/2019(15) | 03/02/2026 | Common Stock | 186,919 | 186,919 | D | ||||||||
| Employee stock option to purchase common stock | $ 27.4 | 03/01/2020(16) | 03/01/2027 | Common Stock | 82,405 | 82,405 | D | ||||||||
| Employee stock option to purchase common stock | $ 32.69 | 02/22/2021(17) | 02/22/2028 | Common Stock | 72,298 | 72,298 | D | ||||||||
| Employee stock option to purchase common stock | $ 36.51 | 02/21/2022(18) | 02/21/2029 | Common Stock | 77,463 | 77,463 | D | ||||||||
| Employee stock option to purchase common stock | $ 50.09 | 02/20/2023(19) | 02/20/2030 | Common Stock | 53,465 | 53,465 | D | ||||||||
| Employee stock option to purchase common stock | $ 58.34 | 03/01/2024(20) | 03/01/2031 | Common Stock | 46,291 | 46,291 | D | ||||||||
| Employee stock option to purchase common stock | $ 48.97 | 03/01/2025(21) | 03/01/2032 | Common Stock | 49,378 | 49,378 | D | ||||||||
| Employee stock option to purchase common stock | $ 71.93 | 03/01/2026(22) | 03/01/2033 | Common Stock | 33,707 | 33,707 | D | ||||||||
| Employee stock option to purchase common stock | $ 116.4 | 02/28/2027(23) | 02/28/2034 | Common Stock | 24,238 | 24,238 | D | ||||||||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
| Lowe Eugene Joseph III C/O SPX TECHNOLOGIES, INC. 6325 ARDREY KELL ROAD, SUITE 400 CHARLOTTE, NC 28277 |
X | PRESIDENT AND CEO | ||
| /s/ John Nurkin, Attorney in Fact for Eugene Joseph Lowe III | 03/04/2024 | |
| **Signature of Reporting Person | Date |
| * | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
| ** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
| (1) | Includes unvested restricted stock units. |
| (2) | Reflects shares sold solely to cover exercise price and income tax obligations in connection with exercise of options. |
| (3) | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $114.70 to $115.65, inclusive. The reporting person undertakes to provide to SPX Technologies, Inc., any security holder of SPX Technologies, Inc., or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote. |
| (4) | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $115.71 to $116.71, inclusive. The reporting person undertakes to provide to SPX Technologies, Inc., any security holder of SPX Technologies, Inc., or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote. |
| (5) | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $116.76 to $117.47, inclusive. The reporting person undertakes to provide to SPX Technologies, Inc., any security holder of SPX Technologies, Inc., or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.. |
| (6) | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $114.84 to $115.83, inclusive. The reporting person undertakes to provide to SPX Technologies, Inc., any security holder of SPX Technologies, Inc., or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote. |
| (7) | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $115.87 to $116.86, inclusive. The reporting person undertakes to provide to SPX Technologies, Inc., any security holder of SPX Technologies, Inc., or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote. |
| (8) | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $116.92 to $117.07, inclusive. The reporting person undertakes to provide to SPX Technologies, Inc., any security holder of SPX Technologies, Inc., or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote. |
| (9) | Shares delivered to the issuer for the payment of withholding taxes due upon the vesting of restricted stock units previously granted under the SPX Corporation 2019 Stock Compensation Plan. |
| (10) | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $113.80 to $114.79, inclusive. The reporting person undertakes to provide to SPX Technologies, Inc., any security holder of SPX Technologies, Inc., or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote. |
| (11) | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $114.81 to $115.81, inclusive. The reporting person undertakes to provide to SPX Technologies, Inc., any security holder of SPX Technologies, Inc., or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote. |
| (12) | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $115.82 to $116.09, inclusive. The reporting person undertakes to provide to SPX Technologies, Inc., any security holder of SPX Technologies, Inc., or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote. |
| (13) | Vests in three equal installments beginning on January 2, 2016. |
| (14) | Vests in three equal installments beginning on March 2, 2017. |
| (15) | (Vests in three equal installments beginning on March 2, 2017. |
| (16) | Vests in three equal installments beginning on March 1, 2018. |
| (17) | Vests in three equal installments beginning on February 22, 2019. |
| (18) | Vests in three equal installments beginning on February 21, 2020. |
| (19) | Vests in three equal installments beginning on February 20, 2021. |
| (20) | Vests in three equal installments beginning on March 1, 2022. |
| (21) | Vests in three equal installments beginning on March 1, 2023.. |
| (22) | Vests in three equal installments beginning on March 1, 2024. |
| (23) | Vests in three equal installments beginning on February 28, 2025. |