Form 4: Modine CFO Michael Lucareli Sells Shares Under 10b5-1 Plan

Modine Manufacturing CFO Michael B. Lucareli sold shares of common stock on February 6 and 10, 2025, under a pre-arranged 10b5-1 trading plan.

Summary

• Michael B. Lucareli, the EVP and CFO of Modine Manufacturing Co., sold shares of the company's common stock on February 6 and 10, 2025.
• The sales were executed under a Rule 10b5-1 trading plan adopted on November 5, 2024.
• On February 6, 2025, Lucareli sold 27,500 shares in multiple transactions at weighted average prices ranging from $100.768 to $104.4449.
• On February 10, 2025, Lucareli sold 2,500 shares at $100.
• Following these transactions, Lucareli directly owns 132,531 shares of Modine common stock, which includes 971 units held in the Modine 401(k) Retirement Plan account.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock sales by an executive. It doesn't inherently convey positive or negative sentiment.

Industry Context

This is a routine disclosure of insider trading activity. It is common for executives to sell shares under pre-arranged 10b5-1 plans to avoid accusations of insider trading.

Stakeholder Impact

• The stock sales could have a minor negative impact on shareholder sentiment, but the impact is likely to be minimal given the pre-planned nature of the transactions.

Key Dates