McClenaghan Sean 4

What Happened
Sean McClenaghan, President of SPX's HVAC segment, was granted 2,580 shares as a performance-based award under the SPX 2019 Stock Compensation Plan (2023–2025 performance period). At the same time he delivered 2,834 shares back to the company to satisfy withholding taxes at $237.18 per share, a cash value of $672,168. The withholding delivery is a tax-related disposition of shares, not an open-market sale.

Key Details

• Transaction date(s): reported for the period ending 2026-02-24; filing date 2026-02-26.
• Award: 2,580 shares granted (performance-based RSUs under the SPX 2019 Plan).
• Tax withholding: 2,834 shares delivered to issuer at $237.18/share, totaling $672,168 (code F — shares withheld for taxes).
• Shares owned after transaction: not disclosed in the filing.
• Relevant footnotes: grant tied to 2023–2025 performance (F1); includes unvested restricted stock units (F2); shares were delivered to pay withholding taxes upon vesting (F3). Vesting for various awards occurs in three equal installments starting on various dates (see F4–F7 for schedule details).
• This transaction appears to be a routine tax-withholding action associated with equity vesting, not a market sale.

Context
The award is a performance-based restricted stock unit grant; the retained/delivered shares were used solely to satisfy tax withholding obligations (a common internal settlement), so it does not necessarily indicate buying or selling sentiment. For derivative or equity-based transactions like this, note that the grant increases potential future ownership as RSUs vest, while the withholding reduces net shares delivered to the insider at vesting.