McLaren Wayne M. 4

What Happened

• Wayne M. McLaren, Chief Accounting Officer of SPX Technologies (SPXC), was granted 361 shares (award) on 2026-02-24. On the same date he delivered/surrendered 534 shares to the issuer to satisfy tax withholding obligations; those 534 shares were valued at $237.18 each for a total of $126,654 (disposition).
• The 361-share award is reported with no per-share purchase price (award/grant). The 534-share disposition reflects shares used to cover withholding taxes rather than an open-market sale.

Key Details

• Transaction date: 2026-02-24; Form filed: 2026-02-26 (timely filing).
• Award: 361 shares (grant under SPX 2019 Stock Compensation Plan for performance period 2023–2025).
• Withholding: 534 shares surrendered/disposed at $237.18 each, total $126,654 (used to satisfy withholding taxes).
• Shares owned after the transactions: not specified in this filing.
• Footnotes:
  • F1: Grant under SPX 2019 Stock Compensation Plan for achievement of performance (2023–2025).
  • F2: Award includes unvested restricted stock units.
  • F3: Shares were delivered to the issuer to pay withholding taxes due upon vesting of previously granted RSUs.
• No 10b5-1 plan or late filing flags noted.

Context

• This is primarily a compensation/vesting event (award + tax withholding), not an open-market purchase or market sale. Surrendering shares to cover taxes is a routine, administrative step and does not necessarily indicate a change in the insider’s market sentiment.
• For retail investors, awards and subsequent withholding are common and should be seen differently from discretionary insider buys or sells.