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 2,124 shares of common stock on June 4, 2024, to cover tax withholding.
Summary
- On June 4, 2024, Michael B Lucareli, the EVP and CFO of Modine Manufacturing Co., disposed of 2,124 shares of common stock.
- The transaction was executed at a price of $93.05 per share.
- The disposal was conducted to cover tax withholding obligations.
- Following the transaction, Lucareli directly owns 193,915 shares of Modine common stock, which includes 971 units held in the Modine 401(k) Retirement Plan account.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports a routine stock disposal for tax purposes. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders, like the CFO, trade their company's stock. These filings are closely watched by investors for insights into management's perspective on the company's valuation and future prospects.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a small percentage of the total outstanding shares and is related to tax obligations.
Key Dates
| Date | Description |
|---|---|
| 06/04/2024 | Date of stock disposal transaction |
| 06/06/2024 | Date of signature by Attorney in Fact |
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