Swann John William III 4

What Happened

John W. Swann III, President, Detection & Measurement at SPX Technologies (SPXC), was granted 2,580 shares under the SPX 2019 Stock Compensation Plan (performance award for the 2023–2025 period) on 2026-02-24 (transaction code A). On the same date, 3,216 shares were delivered to the issuer to satisfy withholding taxes related to previously vested restricted stock units (transaction code F); those shares were valued at $237.18 each for a total of $762,771 (reported as a disposition).

Key Details

• Transaction date: 2026-02-24 (Form 4 filed 2026-02-26; appears timely).
• Award: 2,580 performance shares granted (no per-share price — award, code A). See footnote F1.
• Tax withholding: 3,216 shares delivered to issuer, $237.18 per share, total $762,771 (code F). See footnote F3.
• Shares owned after transaction: not specified in the filing (footnote F2 indicates reported holdings may include unvested restricted stock units).
• Relevant footnotes: F1 (award under 2019 Plan for 2023–2025 performance), F2 (includes unvested RSUs), F3 (shares delivered to pay withholding taxes), F4–F7 (various vesting schedules in three equal installments).
• Transaction codes: A = Award/Grant; F = Tax withholding (shares surrendered to cover taxes).

Context

The award is compensation tied to a multi-year performance period rather than an open-market purchase. The delivery of shares to the company to satisfy withholding is a routine, cashless tax-withholding mechanism and should not be read the same as an open-market sale. This filing documents a grant and a tax-related disposition, not an opportunistic market sale or a cash purchase.