Form 4: Modine Executive Reports Stock Settlement and Tax Sale
Statement of Changes in Beneficial Ownership
Arthur Laszlo Jr., President of Data Centers at Modine Manufacturing, reported the acquisition of 10,838 shares via performance stock settlement and the subsequent sale of 4,753 shares for tax obligations.
Summary
- Arthur Laszlo Jr., President of Data Centers at Modine Manufacturing Co (MOD), acquired 10,838 shares of common stock on May 26, 2026, following the settlement of performance stock units.
- The reporting person disposed of 4,753 shares at a price of $295.88 per share to satisfy tax withholding requirements related to the stock award.
- Following these transactions, the reporting person holds a total of 13,881 shares of Modine common stock.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral administrative filing reflecting standard executive compensation vesting and tax compliance.
Positives
- The acquisition of shares reflects the successful achievement of performance targets for the 2024-2026 period.
Negatives
- The transaction involved a mandatory sale of shares to cover tax liabilities, which is a standard administrative procedure rather than a market-driven divestment.
Risks
- None identified in this filing.
Future Outlook
No forward-looking guidance provided in this filing.
Industry Context
StockSavvy.ai notes that executive stock settlements tied to performance periods are standard corporate governance practices, particularly in the industrial and data center infrastructure sectors where long-term incentive plans are common.
Comparison to Industry Standards
- The transaction follows standard SEC reporting requirements for executive compensation and tax withholding.
- The use of performance-based equity aligns with industry benchmarks for executive retention and performance alignment.
Stakeholder Impact
- Minimal impact on shareholders as the transaction is a routine settlement of existing performance-based compensation.
Key Dates
| Date | Description |
|---|---|
| 05/26/2026 | Date of the performance stock settlement and tax withholding transaction. |
| 05/28/2026 | Date the Form 4 was signed and filed. |
Keywords
Modine Manufacturing, MOD, Form 4, Insider Trading, Performance Stock, Data Centers
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