Form 4: Modine Manufacturing CFO Michael Lucareli Reports Stock Disposal for Tax Withholding
SEC Form 4 Filing
Michael Lucareli, EVP and CFO of Modine Manufacturing Co., disposed of 4,468 shares of common stock on June 6, 2024, to cover tax withholding.
Summary
- On June 6, 2024, Michael Lucareli, the EVP and CFO of Modine Manufacturing Co., disposed of 4,468 shares of common stock.
- The transaction was executed at a price of $90.52 per share.
- The disposal was conducted to cover tax withholding obligations.
- Following the transaction, Lucareli directly owns 189,447 shares of Modine common stock, which includes 971 units held in his 401(k) Retirement Plan account.
Sentiment
Score: 5
Explanation: This is a routine disclosure of stock disposal for tax purposes, so it doesn't inherently indicate positive or negative sentiment. It's a neutral event.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders, like the CFO in this case, trade their company's stock. These filings provide transparency into the transactions of company executives and directors, allowing investors to monitor insider activity.
Key Dates
| Date | Description |
|---|---|
| 06/06/2024 | Date of stock disposal transaction. |
| 06/10/2024 | Date of signature by Attorney in Fact. |
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