Form 4: Modine Manufacturing Co. Executive Adrian Ian Peace Disposes of Shares to Cover Tax Withholding
SEC Filing
Adrian Ian Peace, President of Performance Technologies at Modine Manufacturing Co., disposed of 495 shares of common stock on May 31, 2024, to cover tax withholding obligations.
Summary
- On May 31, 2024, Adrian Ian Peace, President of Performance Technologies at Modine Manufacturing Co., disposed of 495 shares of common stock.
- The transaction was executed to cover tax withholding obligations.
- The shares were disposed of at a price of $100.92 per share.
- Following the transaction, Peace directly owns 35,248 shares of Modine Manufacturing Co. common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine stock transaction 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 transaction is a common occurrence where shares are sold to cover tax obligations.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 05/31/2024 | Date of the transaction where 495 shares of common stock were disposed of. |
| 06/04/2024 | Date of signature by Attorney in Fact. |
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