Form 4: Modine Manufacturing CEO Sells Shares to Cover Tax Withholding
SEC Form 4 Filing
Neil David Brinker, President and CEO of Modine Manufacturing Co., disposed of 3,669 shares of common stock on May 31, 2024, to cover tax withholding.
Summary
- On May 31, 2024, Neil David Brinker, the President and CEO of Modine Manufacturing Co., disposed of 3,669 shares of common stock.
- The transaction was executed to cover tax withholding obligations.
- The shares were sold at a price of $100.92 per share.
- Following the transaction, Brinker directly owns 264,473 shares of Modine Manufacturing Co.
Sentiment
Score: 5
Explanation: Neutral sentiment as the transaction is a routine sale of shares to cover tax obligations and doesn't necessarily reflect a change in the executive's outlook on the company.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. The sale of shares to cover tax obligations is a common practice and doesn't necessarily indicate a change in the executive's confidence in the company.
Stakeholder Impact
- The transaction has minimal impact on stakeholders as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 05/31/2024 | Date of stock disposal to cover tax withholding. |
| 06/04/2024 | Date of signature by Attorney in Fact. |
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