Eugene Joseph Lowe III Form 4 SPX / Eugene Joseph Lowe III ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Lowe Eugene Joseph III

(Last) (First) (Middle)

C/O SPX TECHNOLOGIES, INC.

6325 ARDREY KELL ROAD, SUITE 400

(Street)

CHARLOTTE NC 28277

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
SPX Technologies, Inc. [ SPXC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
PRESIDENT AND CEO

3. Date of Earliest Transaction (Month/Day/Year)
02/16/2024

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/16/2024		A(1)		12,922	A	(1)	481,259(2)(3)	D
Common Stock	02/16/2024		F(4)		25,361	D	$109.57	455,898(2)	D
Common Stock								4,860	I	401 (k) Plan

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Employee stock option to purchase common stock	$12.36							10/13/2018(5)	10/13/2025	Common Stock	332,673		332,673	D
Employee stock option to purchase common stock	$21.16							01/02/2018(6)	01/02/2025	Common Stock	45,776		45,776	D
Employee stock option to purchase common stock	$12.85							03/02/2019(7)	03/02/2026	Common Stock	186,919		186,919	D
Employee stock option to purchase common stock	$27.4							03/01/2020(8)	03/01/2027	Common Stock	82,405		82,405	D
Employee stock option to purchase common stock	$32.69							02/22/2021(9)	02/22/2028	Common Stock	72,298		72,298	D
Employee stock option to purchase common stock	$36.51							02/21/2022(10)	02/21/2029	Common Stock	77,463		77,463	D
Employee stock option to purchase common stock	$50.09							02/20/2023(11)	02/20/2030	Common Stock	53,465		53,465	D
Employee stock option to purchase common stock	$58.34							03/01/2024(12)	03/01/2031	Common Stock	46,291		46,291	D
Employee stock option to purchase common stock	$48.97							03/01/2025(13)	03/01/2032	Common Stock	49,378		49,378	D
Employee stock option to purchase common stock	$71.93							03/01/2026(14)	03/01/2033	Common Stock	33,707		33,707	D

Explanation of Responses:

1. Grant of shares under the SPX 2019 Stock Compensation Plan for achievement of performance for the 2021-2023 performance period.

2. Includes unvested restricted stock units.

3. The total number of shares reported has been reduced by 37,233 shares due to an inadvertent over-reporting by such amount of the number of shares issued to the reporting person in respect of a performance award on a Form 4 filed by the reporting person on February 22, 2023.

4. Shares delivered to the issuer for the payment of withholding taxes due upon the vesting of restricted stock units previously granted under the SPX 2019 Stock Compensation Plan.

5. Vests as to 100% of the shares on the third anniversary of the grant date.

6. Vests in three equal installments beginning on January 2, 2016.

7. Vests in three equal installments beginning on March 2, 2017.

8. Vests in three equal installments beginning on March 1, 2018.

9. Vests in three equal installments beginning on February 22, 2019.

10. Vests in three equal installments beginning on February 21, 2020.

11. Vests in three equal installments beginning on February 20, 2021.

12. Vests in three equal installments beginning on March 1, 2022.

13. Vests in three equal installments beginning on March 1, 2023.

14. Vests in three equal installments beginning on March 1, 2024.

	/s/ John Nurkin, Attorney in Fact for Eugene Joseph Lowe III	02/21/2024
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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