Form 4: Modine Executive Sells $3.65M in Company Stock
Insider Transaction Report
Eric S. McGinnis, President of Climate Solutions at Modine Manufacturing Co., reported the sale of 25,932 shares of common stock totaling approximately $3.65 million.
Summary
- Eric S. McGinnis, President of Climate Solutions at Modine Manufacturing Co. (MOD), reported transactions involving the company's common stock.
- On August 22, 2025, McGinnis sold 20,868 shares of common stock at a weighted average price of $140.65 per share, with prices ranging from $140.56 to $141.06.
- Also on August 22, 2025, an additional 4,305 shares of common stock were sold at a price of $141.89 per share.
- On August 25, 2025, 759 shares were disposed of in a private transaction to cover tax withholding at a price of $138.12 per share.
- Following these transactions, McGinnis beneficially owns 19,207 shares of Modine Manufacturing Co. common stock.
- The transactions were made pursuant to a Rule 10b5-1(c) contract, instruction, or written plan.
Sentiment
Score: 5
Explanation: Neutral. This is a routine disclosure of an insider stock transaction, which was pre-planned under a 10b5-1 plan. It does not inherently indicate positive or negative company performance or outlook.
Positives
- The transactions were made pursuant to a Rule 10b5-1(c) plan, indicating a pre-scheduled sale rather than a reaction to immediate company news, which can mitigate negative market perception.
Negatives
- Insider selling, even under a 10b5-1 plan, can sometimes be perceived by the market as a reduction in an executive's direct stake, potentially leading to minor negative sentiment.
Future Outlook
N/A
Industry Context
N/A
Stakeholder Impact
- Shareholders: May note the executive's reduction in direct holdings, but the pre-planned nature of the 10b5-1 plan mitigates concerns about immediate sentiment or a reaction to undisclosed company news.
Key Dates
| Date | Description |
|---|---|
| 08/22/2025 | Sale of 20,868 shares and 4,305 shares of common stock by Eric S. McGinnis. |
| 08/25/2025 | Disposition of 759 shares for tax withholding by Eric S. McGinnis. |
| 08/26/2025 | Signature date of the reporting person's attorney-in-fact. |
Keywords
Modine Manufacturing Co., MOD, Eric S. McGinnis, insider trading, stock sale, executive compensation, Form 4, 10b5-1 plan, Climate Solutions
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