Lowe Eugene Joseph III 4

What Happened
Lowe Eugene Joseph III (President & CEO; Director) was granted 14,619 shares on Feb. 24, 2026 under SPX’s 2019 Stock Compensation Plan for achievement in the 2023–2025 performance period (code A). On the same date he delivered 22,562 shares to the issuer to satisfy withholding taxes tied to the vesting of previously granted restricted stock units (code F). The 22,562 shares were disposed at $237.18 per share for proceeds of $5,351,255. The grant shows no cash price (N/A) and includes unvested restricted stock units.

Key Details

• Transaction date(s): 2026-02-24 (reported in Form 4 filed 2026-02-26).
• Award: 14,619 shares (A) — price N/A; Withholding disposal: 22,562 shares (F) @ $237.18 = $5,351,255.
• Shares owned after transaction: Not specified in this filing.
• Notable footnotes: F1 = award under SPX 2019 Stock Compensation Plan for 2023–2025; F2 = includes unvested RSUs; F3 = shares delivered to issuer to pay withholding taxes on vesting RSUs; F10–F12 describe vesting in three equal installments beginning Mar 1, 2024; Feb 28, 2025; Mar 3, 2026 (as applicable).
• Timeliness: Period of report 2026-02-24; Form filed 2026-02-26 — filed within the standard two-business-day window.
• Transaction codes explained: A = grant/award; F = shares delivered/disposed to satisfy tax withholding.

Context
Delivering shares to the company to cover withholding taxes is a common, administrative disposition and is not the same as an open-market sale for personal proceeds (though it does reduce the insider’s share count). The award is performance-based RSUs; vesting schedules and the inclusion of unvested units are noted in the footnotes. This filing does not indicate a broader change in ownership strategy beyond the grant and tax-withholding action.