Form 4: Modine Manufacturing CEO Neil Brinker Disposes of Shares to Cover Tax Withholding
SEC Form 4 Filing
Neil David Brinker, President and CEO of Modine Manufacturing Co., disposed of 4,359 shares of common stock on June 4, 2024, to cover tax withholding.
Summary
- On June 4, 2024, Neil David Brinker, the President and CEO of Modine Manufacturing Co., disposed of 4,359 shares of common stock.
- The transaction was executed at a price of $93.05 per share.
- The disposal was conducted to cover tax withholding obligations.
- Following the transaction, Brinker directly owns 260,114 shares of Modine Manufacturing Co.
Sentiment
Score: 6
Explanation: The sentiment is neutral as the transaction is a routine disposal of shares to cover tax obligations. It doesn't necessarily indicate a positive or negative outlook on the company's future.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track executive sentiment and potential alignment with company performance.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine disposal of shares for tax purposes and does not significantly alter the ownership structure.
Key Dates
| Date | Description |
|---|---|
| 06/04/2024 | Date of transaction: Neil David Brinker disposed of shares. |
| 06/06/2024 | Date of signature by Attorney in Fact, Erin J. Roth. |
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