Form 4: Modine Manufacturing CEO Sells Shares for Tax Withholding

Modine Manufacturing Co.'s President and CEO, Neil David Brinker, disposed of 10,873 shares of common stock on June 6, 2025, at $93.62 per share to cover tax withholding obligations.

Summary

• Neil David Brinker, who serves as President and CEO and a Director of Modine Manufacturing Co. (MOD), reported a transaction.
• On June 6, 2025, Mr. Brinker disposed of 10,873 shares of Modine Manufacturing common stock.
• The shares were sold at a price of $93.62 per share.
• The purpose of this disposal was to cover tax withholding obligations, as indicated by transaction code 'F'.
• Following this transaction, Mr. Brinker beneficially owns 262,075 shares of Modine Manufacturing common stock directly.

Sentiment

Score: 5

Explanation: The transaction is a routine tax-related sale by an insider, which is generally considered neutral in terms of company performance or future outlook. It does not reflect a discretionary sale based on market sentiment.

Future Outlook

NA

Management Comments

• Neil David Brinker, through his attorney-in-fact, reported the disposal of shares in a private transaction specifically to cover tax withholding obligations.

Industry Context

This Form 4 filing reports a routine insider transaction related to executive compensation and tax obligations, rather than reflecting broader industry trends or competitive dynamics.

Stakeholder Impact

• This transaction is a routine administrative event for tax purposes and is unlikely to have a significant direct impact on shareholders, employees, customers, suppliers, or creditors.

Key Dates

Recommendation

Keywords

Modine Manufacturing, MOD, Neil David Brinker, Form 4, insider transaction, stock sale, tax withholding, CEO, director