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

Modine Manufacturing Company's Executive Vice President and Chief Financial Officer, Michael B. Lucareli, reported the disposition of 4,604 shares of common stock at $93.62 per share to cover tax withholding obligations.

Summary

• Michael B. Lucareli, EVP and CFO of Modine Manufacturing Co (MOD), reported a transaction on June 6, 2025.
• The transaction involved the disposition of 4,604 shares of Modine common stock.
• The shares were disposed of in a private transaction at a price of $93.62 per share.
• The purpose of the disposition was to cover tax withholding requirements.
• Following this transaction, Mr. Lucareli beneficially owns 126,920 shares of Modine common stock.
• This total includes 971 units of Modine common stock held in the Reporting Person's Modine 401(k) Retirement Plan account.

Sentiment

Score: 5

Explanation: The transaction is a routine disposition of shares to cover tax withholding, which is a common practice for executives receiving equity compensation and does not typically indicate a change in sentiment or outlook regarding the company.

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 and does not provide information related to broader industry trends or competitive landscape.

Stakeholder Impact

• Shareholders: The disposition of shares for tax purposes is a routine event and is unlikely to have a significant direct impact on shareholders or the company's stock price.

Key Dates

Keywords

Modine Manufacturing, MOD, Michael B. Lucareli, CFO, Insider Transaction, Form 4, Beneficial Ownership, Stock Disposition, Tax Withholding