Form 4: Modine Manufacturing CFO Disposes Shares for Tax Withholding

Modine Manufacturing's Executive Vice President and CFO, Michael B. Lucareli, reported a routine disposal of 1,438 shares of common stock to cover tax withholding obligations.

Summary

• Michael B. Lucareli, EVP and CFO of Modine Manufacturing Co. (MOD), reported a transaction on May 31, 2025.
• The transaction involved the disposal of 1,438 shares of Modine common stock.
• The shares were disposed of in a private transaction at a price of $90.8 per share to cover tax withholding obligations, indicated by transaction code 'F'.
• Following this transaction, Mr. Lucareli beneficially owns 133,649 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 sentiment is neutral. The transaction is a routine, non-discretionary disposal of shares to cover tax obligations, which is a common occurrence for executives receiving equity compensation. It does not indicate a change in management's outlook or a strategic shift.

Positives

• The transaction is a non-discretionary disposal for tax purposes, indicating a routine event rather than a voluntary sale based on market outlook.
• Michael B. Lucareli retains a significant beneficial ownership of 133,649 shares, demonstrating continued alignment with shareholder interests.

Negatives

• The disposal of 1,438 shares, even for tax purposes, reduces the direct ownership stake of a key executive.

Future Outlook

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

Industry Context

This specific insider transaction filing (Form 4) is a routine disclosure of an executive's stock activity and does not provide broader industry context or trends.

Stakeholder Impact

• Shareholders: The transaction is a routine tax-related disposal by an executive and is unlikely to have a significant direct impact on shareholder value or perception.
• Employees: No direct impact on employees is indicated by this filing.

Key Dates

Keywords

Modine Manufacturing, MOD, SEC Form 4, Insider Transaction, Stock Disposal, Tax Withholding, Executive Compensation, Michael B. Lucareli, CFO