Form 4: Modine Manufacturing CFO Michael Lucareli Executes Stock Options and Sells Shares

EVP and CFO of Modine Manufacturing, Michael Lucareli, exercised stock options and sold shares on February 29, 2024.

Summary

• Michael Lucareli, the EVP and CFO of Modine Manufacturing Co., engaged in transactions involving the company's stock on February 29, 2024.
• Lucareli exercised employee stock options to acquire a total of 78,312 shares of common stock at exercise prices of $15.90, $17.90, and $6.62.
• Simultaneously, Lucareli sold 82,312 shares of common stock at weighted average prices of $90.194 and $91.338 per share.
• Following these transactions, Lucareli directly owns 194,587 shares of Modine common stock, including 971 units held in the Modine 401(k) Retirement Plan account.
• Lucareli also holds options to purchase 19,595 additional shares.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it simply reports transactions. It doesn't inherently indicate positive or negative outlook for the company.

Industry Context

This filing is a routine disclosure of insider transactions, which are common for executives who receive stock options as part of their compensation. Investors often monitor these filings for insights into management's view of the company's prospects.

Stakeholder Impact

• The transactions could have a minor impact on shareholders due to the increased supply of shares in the market from the sale.
• The exercise of stock options benefits the executive, Michael Lucareli.

Key Dates