An executive at SPX Flow Inc., a global manufacturing and industrial equipment supplier, sold over $1 million in company stock, according to a filing Friday with the Securities and Exchange Commission.
David Kowalski, president of global manufacturing operations, sold 24,000 shares of SPX Flow common stock at $41.94 apiece.
He owns 118,033 shares worth more than $5 million.
SPX Flow is a manufacturer and supplier of industrial equipment serving a number of industries including food and beverage, oil and gas, power generation, chemical processing and compressed air and mining.
SPX Flow is a spin-off from its former parent company, SPX Corp., a global supplier of infrastructure equipment. The two companies formally split in August 2015.
Kowalski has worked at SPX Flow since August 2013. He served as segment president of industrial products and services at SPX Corp. since August 2011.
He served as segment president of test and measurement and industrial products and services at the company since 2005 and prior to that as vice president and general manager of tools and equipment since 1999.
Prior to SPX, Kowalski worked for the American National Can Co., J.I. Case, Picker International and Warner Swasey.
He received a B.S. in mechanical engineering from the University of Notre Dame and his M.S. in industrial engineering from Cleveland State University.
SPX Flow is currently trading at $42.50, up 1.1 percent from its market open on Monday morning.