Form 4: Modine Manufacturing CFO Disposes of Shares for Tax Withholding

Modine Manufacturing Co.'s Executive Vice President and Chief Financial Officer, Michael B. Lucareli, disposed of 2,125 shares of common stock at $91.66 per share to cover tax withholding obligations.

Summary

• Michael B. Lucareli, EVP and CFO of Modine Manufacturing Co. (MOD), disposed of 2,125 shares of common stock.
• The transaction occurred on June 4, 2025, at a price of $91.66 per share.
• The disposition was made pursuant to a Rule 10b5-1(c) plan and was specifically to cover tax withholding obligations.
• Following this transaction, Mr. Lucareli beneficially owns 131,524 shares of Modine common stock, which includes 971 units held in his Modine 401(k) Retirement Plan account.

Sentiment

Score: 5

Explanation: The transaction is a routine disposition for tax purposes, indicating a neutral sentiment as it's not a discretionary sale based on market outlook.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This filing is a routine insider transaction report, common for executives receiving equity compensation, and does not reflect broader industry trends or competitive dynamics.

Stakeholder Impact

• Shareholders: The disposition of a relatively small number of shares for tax purposes by a key executive is unlikely to have a significant impact on shareholder sentiment or the company's stock price.

Key Dates

Keywords

Modine Manufacturing, MOD, SEC Form 4, Insider Transaction, Stock Disposition, CFO, Michael B. Lucareli, Tax Withholding, Equity Compensation, Rule 10b5-1