Form 4: Modine Manufacturing CFO Michael Lucareli Reports Stock Disposal for Tax Withholding
SEC Form 4 Filing
EVP and CFO of Modine Manufacturing, Michael Lucareli, reports disposing of 9,231 shares of common stock to cover tax withholding obligations.
Summary
- Michael Lucareli, EVP and CFO of Modine Manufacturing Co., filed a Form 4 on October 2, 2024, reporting a change in beneficial ownership.
- The transaction involved the disposal of 9,231 shares of common stock at a price of $131.84 per share.
- These shares were disposed of in a private transaction to cover tax withholding.
- Following the transaction, Lucareli beneficially owns 162,531 shares, including 971 units held in the Modine 401(k) Retirement Plan account.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to stock transactions for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a transaction related to tax obligations, which is a common occurrence.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine disposal of shares for tax purposes by an executive.
Key Dates
| Date | Description |
|---|---|
| 10/02/2024 | Date of transaction and filing of Form 4 |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.