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, disposed of shares to cover tax withholding obligations.
Summary
- On August 4, 2024, Michael Lucareli, the EVP and CFO of Modine Manufacturing Co., disposed of 17,685 shares of common stock to cover tax withholding.
- The transaction was executed at a price of $98.8 per share.
- Following the transaction, Lucareli directly owns 171,762 shares of Modine common stock, which includes 971 units held in the Modine 401(k) Retirement Plan account.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine transaction (disposal of shares for tax withholding). It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. This transaction is a common occurrence where executives sell shares to cover tax obligations related to stock-based compensation.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 08/04/2024 | Date of stock disposal transaction |
| 08/06/2024 | Date of signature by Attorney in Fact |
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