Form 4: Modine Manufacturing Co. Executive Adrian Ian Peace Reports Stock Disposal for Tax Withholding
SEC Form 4 Filing
Adrian Ian Peace, President of Performance Technologies at Modine Manufacturing Co., disposed of 2,054 shares of common stock on June 6, 2024, to cover tax withholding.
Summary
- On June 6, 2024, Adrian Ian Peace, President of Performance Technologies at Modine Manufacturing Co., reported a transaction involving the disposal of 2,054 shares of common stock.
- The shares were disposed of at a price of $90.52 per share.
- The transaction was executed to cover tax withholding obligations.
- Following the transaction, Peace directly owns 33,194 shares of Modine Manufacturing Co. common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine transaction for tax purposes, indicating a neutral 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 shares are sold to cover tax obligations related to stock-based compensation.
Stakeholder Impact
- The transaction has minimal direct impact on stakeholders as it is a routine sale to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 06/06/2024 | Date of stock disposal transaction. |
| 06/10/2024 | Date of signature on the Form 4 filing. |
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