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|4Feb 3, 4:15 PM ET

Carano Mark A 4

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SPX Technologies CFO Mark Carano Delivers 537 Shares for Taxes

What Happened
Mark A. Carano, Vice President, Chief Financial Officer & Treasurer of SPX Technologies (SPXC), delivered 537 shares back to the issuer on Feb 2, 2026 to satisfy withholding taxes tied to vested restricted stock units. The shares were valued at $208.41 each, for a total of $111,916. This was a tax-withholding disposition (code F), not an open-market sale or a purchase.

Key Details

  • Transaction date: 2026-02-02; Form 4 filed 2026-02-03 (appears timely under the 2-business-day rule).
  • Disposition: 537 shares surrendered to issuer for tax withholding at $208.41 per share; total value ≈ $111,916.
  • Shares owned after transaction: not specified in the filing.
  • Footnotes of note:
    • F1: Shares delivered to issuer to pay withholding taxes on RSU vesting.
    • F2: Reported holdings include unvested restricted stock units.
    • F3–F5: Vesting schedules cited (installments beginning Mar 1, 2024; Feb 28, 2025; Mar 3, 2026).
  • Transaction code: F — tax withholding (cashless/share delivery) rather than a market sale (S).

Context
This was a routine tax-withholding action associated with RSU vesting (a common practice where companies accept shares to cover taxes). Such dispositions generally reflect tax obligations rather than a signal of confidence or concern about the company’s prospects.