Form 4: Modine CFO Executes Tax-Related Share Disposition

Modine Manufacturing Company EVP and CFO Michael B. Lucareli disposed of 915 shares to cover tax withholding obligations.

Summary

• Michael B. Lucareli, EVP and CFO of Modine Manufacturing Co, disposed of 915 shares of common stock.
• The transaction occurred on May 16, 2026, at a price of $271.26 per share.
• The disposition was executed to satisfy tax withholding obligations related to equity compensation.
• Following this transaction, the reporting person maintains beneficial ownership of 54,663 shares.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as the share disposition is purely administrative and related to tax obligations.

Positives

• The transaction was a routine administrative action for tax compliance rather than a discretionary market sale.

Negatives

• Reduction in the direct equity stake held by a key executive.

Risks

• None identified; this is a standard regulatory filing for tax withholding.

Future Outlook

No forward-looking guidance or strategic outlook provided in this filing.

Industry Context

StockSavvy.ai notes that routine Form 4 filings involving tax withholding are standard corporate governance practices and do not typically signal changes in executive sentiment regarding company performance.

Comparison to Industry Standards

• The transaction aligns with standard executive compensation practices where equity awards are settled net of tax withholdings.

Stakeholder Impact

• Minimal impact on shareholders as the transaction was a non-discretionary tax settlement.

Key Dates

Keywords

Modine Manufacturing, MOD, Form 4, Insider Trading, CFO, Tax Withholding