Form 4: Modine CFO Michael Lucareli Executes Stock Transaction

Modine Manufacturing Company EVP and CFO Michael B. Lucareli reported the acquisition and tax-related disposition of common stock.

Summary

• Michael B. Lucareli, EVP and CFO of Modine Manufacturing Co, acquired 73,873 shares of common stock on May 26, 2026, via performance stock settlement.
• The reporting person disposed of 34,721 shares at a price of $295.88 per share to satisfy tax withholding obligations.
• Following these transactions, the reporting person holds a total of 95,121 shares of common stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral administrative filing regarding executive compensation and tax obligations.

Positives

• The acquisition of 73,873 shares reflects the successful achievement of performance targets for the 2024-2026 period.

Negatives

• The disposition of 34,721 shares was required to cover tax liabilities associated with the equity vesting.

Risks

• None identified in this filing.

Future Outlook

Not applicable as this is a disclosure of past equity transactions.

Industry Context

StockSavvy.ai notes that executive equity settlements are standard corporate governance practices, reflecting the alignment of management incentives with long-term shareholder value through performance-based compensation.

Comparison to Industry Standards

• The use of performance stock units (PSUs) is consistent with standard executive compensation structures in the industrial manufacturing sector.
• Tax withholding via share disposition is a standard administrative procedure for equity-based compensation.

Stakeholder Impact

• Shareholders should note the dilution impact of performance share issuance is typically accounted for in existing compensation plans.

Key Dates

Keywords

Modine Manufacturing, MOD, Insider Trading, Form 4, CFO, Equity Compensation