Form 4: Modine Manufacturing CEO Neil David Brinker Disposes of Shares to Cover Tax Withholding
SEC Form 4 Filing
Neil David Brinker, President and CEO of Modine Manufacturing Co., disposed of 10,705 shares of common stock on June 6, 2024, to cover tax withholding.
Summary
- On June 6, 2024, Neil David Brinker, the President and CEO of Modine Manufacturing Co., disposed of 10,705 shares of common stock.
- The transaction was executed to cover tax withholding obligations.
- The shares were sold at a price of $90.52 per share.
- Following the transaction, Brinker directly owns 249,409 shares of Modine Manufacturing Co.
Sentiment
Score: 5
Explanation: This is a neutral event. The sale is related to tax obligations, not necessarily an indication of the CEO's sentiment about the company's future.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders, like the CEO, trade their company's stock. These filings are closely watched by investors for insights into management's perspective on the company's value and future prospects.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine sale to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 06/06/2024 | Date of transaction: Neil David Brinker disposed of shares. |
| 06/10/2024 | Date of signature on the Form 4 filing. |
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