John Nurkin - 01 Jun 2023 Form 4 Insider Report for SPX Technologies, Inc. (SPXC)

Role
VP, GEN. COUNSEL & SECRETARY
Signature
/s/ John Nurkin
Issuer symbol
SPXC
Transactions as of
01 Jun 2023
Transactions value $
-$662,112
Form type
4
Filing time
05 Jun 2023, 16:17:08 UTC
Previous filing
05 Apr 2023
Next filing
21 Feb 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SPXC Common Stock Options Exercise $99,677 +7,757 +8.8% $12.85* 95,953 01 Jun 2023 Direct F1
transaction SPXC Common Stock Options Exercise $92,502 +3,376 +3.5% $27.4 99,329 01 Jun 2023 Direct F1
transaction SPXC Common Stock Sale -$497,027 -6,492 -6.5% $76.56 92,837 01 Jun 2023 Direct F1, F2, F3
transaction SPXC Common Stock Sale -$357,264 -4,641 -5% $76.98 88,196 01 Jun 2023 Direct F1, F2, F4
holding SPXC Common Stock 22,169 01 Jun 2023 401 (k) Plan

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SPXC Employee stock option to purchase common stock Options Exercise $0 -3,376 -100% $0* 0 01 Jun 2023 Common Stock 3,376 $27.4 Direct F5
transaction SPXC Employee stock option to purchase common stock Options Exercise $0 -7,757 -100% $0* 0 01 Jun 2023 Common Stock 7,757 $12.85 Direct F6
holding SPXC Employee stock option to purchase common stock 5,671 01 Jun 2023 Common Stock 5,671 $71.93 Direct F7
holding SPXC Employee stock option to purchase common stock 11,778 01 Jun 2023 Common Stock 11,778 $32.69 Direct F8
holding SPXC Employee stock option to purchase common stock 11,189 01 Jun 2023 Common Stock 11,189 $36.51 Direct F9
holding SPXC Employee stock option to purchase common stock 7,527 01 Jun 2023 Common Stock 7,527 $50.09 Direct F10
holding SPXC Employee stock option to purchase common stock 6,365 01 Jun 2023 Common Stock 6,365 $58.34 Direct F11
holding SPXC Employee stock option to purchase common stock 6,789 01 Jun 2023 Common Stock 6,789 $48.97 Direct F12
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

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).

Explanation of Responses:

Id Content
F1 Includes unvested restricted stock units.
F2 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 19, 2022.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $75.80 to $76.80, 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.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $76.81 to $77.31, 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.
F5 Vests in three equal installments beginning on March 1, 2018.
F6 Vests in three equal installments beginning on March 2, 2017.
F7 Vests in three equal installments beginning on March 1, 2024.
F8 Vests in three equal installments beginning on February 22, 2019.
F9 Vests in three equal installments beginning on February 21, 2020.
F10 Vests in three equal installments beginning on February 20, 2021.
F11 Vests in three equal installments beginning on March 1, 2022.
F12 Vests in three equal installments beginning on March 1, 2023.