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 1,433 shares of common stock to cover tax withholding obligations.
Summary
- On May 31, 2024, Michael B Lucareli, the EVP and CFO of Modine Manufacturing Co., disposed of 1,433 shares of common stock.
- The transaction was executed to cover tax withholding obligations.
- The price per share was $100.92.
- Following the transaction, Lucareli directly owns 196,039 shares of Modine common stock, which includes 971 units held in his 401(k) Retirement Plan account.
Sentiment
Score: 7
Explanation: The sentiment is neutral as the filing represents a routine transaction for tax purposes and doesn't indicate any strategic shift or concern regarding the company's performance.
Industry Context
Form 4 filings are routine disclosures required by the SEC to ensure transparency in insider trading activities. This transaction appears to be a standard tax withholding procedure, which is a common practice among corporate executives.
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 |
|---|---|
| 05/31/2024 | Date of transaction: Disposal of 1,433 shares of common stock. |
| 06/04/2024 | Date of signature by Attorney in Fact. |
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