Form 4: Modine Director Sells 1,100 Shares Under 10b5-1 Plan

Modine Manufacturing Co. Director Suresh V. Garimella sold 1,100 shares of common stock for $150 per share on January 22, 2026, under a pre-arranged 10b5-1 plan.

Summary

• Suresh V. Garimella, a Director of Modine Manufacturing Co. (MOD), reported a sale of common stock.
• The transaction involved the disposition of 1,100 shares of common stock.
• The sale occurred on January 22, 2026, at a price of $150 per share.
• Following this transaction, Suresh V. Garimella beneficially owns 80,956 shares of common stock.
• The sale was executed in accordance with a Rule 10b5-1 plan adopted by the reporting person on September 20, 2025.

Sentiment

Score: 5

Explanation: A routine insider sale executed under a pre-arranged 10b5-1 plan, which typically indicates a planned diversification or liquidity event rather than a reaction to new information. This is generally considered neutral.

Industry Context

This filing is a routine disclosure of an insider transaction and does not provide information related to broader industry trends or competitive landscape. Insider sales under 10b5-1 plans are common across industries for personal financial planning.

Stakeholder Impact

• Minor impact on shareholders due to a director's sale of a small percentage of their holdings, executed under a pre-planned 10b5-1 arrangement. Such sales are generally not indicative of a change in company fundamentals.

Key Dates

Recommendation

The sale by Director Suresh V. Garimella of 1,100 shares of Modine Manufacturing Co. common stock was executed under a pre-arranged Rule 10b5-1 plan. Such plans are typically established for personal financial planning, diversification, or liquidity purposes and do not necessarily reflect a change in the director's outlook on the company's future performance. Given the pre-planned nature and relatively small size of the transaction compared to the director's remaining holdings (80,956 shares), this event alone is unlikely to signal a significant shift in the company's fundamentals or warrant a change in investment strategy. Therefore, a 'hold' recommendation is appropriate, maintaining current positions while monitoring broader company performance and market conditions.

Keywords

Modine Manufacturing, MOD, Insider Sale, Form 4, Suresh V. Garimella, 10b5-1 Plan, Director Transaction, Equity Sale