Carano Mark A 4

What Happened

• Mark A. Carano (VP, Chief Financial Officer & Treasurer of SPX Technologies, SPXC) received a performance-based award of 2,408 shares on 2026-02-24 under the SPX 2019 Stock Compensation Plan. On the same date, 3,717 shares were delivered back to the company to cover withholding taxes at a per-share value of $237.18, totaling about $881,598.
• The award (A) is a grant tied to performance for the 2023–2025 period and includes restricted stock units (RSUs). The share delivery (F) is a tax-withholding disposition, not an open-market sale.

Key Details

• Transaction date: 2026-02-24; Form 4 filed 2026-02-26 (timely).
• Award: 2,408 shares granted (performance-based under SPX 2019 Plan; includes unvested RSUs).
• Tax withholding: 3,717 shares withheld at $237.18/share ≈ $881,598.
• Vesting notes: portions vest in three equal installments with start dates noted (Mar 1, 2024; Feb 28, 2025; Mar 3, 2026) per filing footnotes.
• Shares owned after the transactions were not provided in the details supplied.
• Transaction codes: A = award/acquisition; F = shares delivered to issuer for tax withholding.

Context

• The 3,717-share disposition is a routine tax-withholding action when RSUs vest (company takes shares to cover the employee's tax liability) and should not be read as an open-market sale or bearish signal. The 2,408-share entry is a performance grant and may vest over future installments per the stated schedule.