PRES., DETECTION & MEASUREMENT Swann John William Iii gifted 3,608 shares, exercised 19,193 shares at a strike of $49.59 and sold $7,986,395 worth of shares (38,755 units at $206.07), decreasing direct ownership by 28% to 60,658 units (SEC Form 4)
$SPXC
Industrial Machinery/Components
Industrials
| FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
|
|||||||||||||||
| Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). | |||||||||||||||||
| Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10. | |||||||||||||||||
1. Name and Address of Reporting Person*
(Street)
|
2. Issuer Name and Ticker or Trading Symbol
SPX Technologies, Inc. [ SPXC ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
|
||||||||||||||||||||||||
|
3. Date of Earliest Transaction
(Month/Day/Year) 11/19/2025 | ||||||||||||||||||||||||||
|
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
|
| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
| Code | V | Amount | (A) or (D) | Price | ||||||
| Common Stock | 11/19/2025 | M | 10,552 | A | $50.09 | 94,380(1) | D | |||
| Common Stock | 11/19/2025 | M | 8,641 | A | $48.97 | 103,021(1) | D | |||
| Common Stock | 11/19/2025 | S | 17,920 | D | $205.47(2) | 85,101(1) | D | |||
| Common Stock | 11/19/2025 | S | 17,891 | D | $206.51(3) | 67,210(1) | D | |||
| Common Stock | 11/19/2025 | S | 2,944 | D | $207.1(4) | 64,266(1) | D | |||
| Common Stock | 11/19/2025 | G | 3,608 | D | $0 | 60,658(1) | D | |||
| Common Stock | 3,526 | I | 401 (k) Plan | |||||||
|
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 Securities Underlying Derivative Security (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: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Employee stock option to purchase common stock | $50.09 | 11/19/2025 | M | 10,552 | 02/20/2023(5) | 02/20/2030 | Common Stock | 10,552 | $0 | 0 | D | ||||
| Employee stock option to purchase common stock | $58.34 | 03/01/2024(6) | 03/01/2031 | Common Stock | 8,101 | 8,101 | D | ||||||||
| Employee stock option to purchase common stock | $48.97 | 11/19/2025 | M | 8,641 | 03/01/2025(7) | 03/01/2032 | Common Stock | 8,641 | $0 | 0 | D | ||||
| Employee stock option to purchase common stock | $71.93 | 03/15/2026(8) | 03/01/2033 | Common Stock | 5,948 | 5,948 | D | ||||||||
| Employee stock option to purchase common stock | $116.4 | 02/28/2027(9) | 02/28/2034 | Common Stock | 4,215 | 4,215 | D | ||||||||
| Employee stock option to purchase common stock | $138.6 | 03/03/2028(10) | 03/03/2035 | Common Stock | 3,210 | 3,210 | D | ||||||||
| Explanation of Responses: |
| 1. Includes unvested restricted stock units. |
| 2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $204.90 to $205.90, 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. |
| 3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $205.91 to $206.91, 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 $206.92 to $207.22, 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. Vests in three equal installments beginning on February 20, 2021. |
| 6. Vests in three equal installments beginning on March 1, 2022. |
| 7. Vests in three equal installments beginning on March 1, 2023. |
| 8. Vests in three equal installments beginning on March 1, 2024. |
| 9. Vests in three equal installments beginning on February 28, 2025. |
| 10. Vests in three equal installments beginning on March 3, 2026. |
| /s/ Caroline Prescott, Attorney In Fact for John William Swann, III | 11/21/2025 | |
| ** Signature of Reporting Person | Date | |
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
| * 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). | ||
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
| 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 Number. | ||