Form 4: Modine Manufacturing Co. Executive Agen Brian Jon Reports Stock Disposal to Cover Tax Withholding
SEC Form 4 Filing
VP, CHRO Brian Jon Agen of Modine Manufacturing Co. reported disposing of 6,729 shares of common stock on August 4, 2024, to cover tax withholding.
Summary
- On August 4, 2024, Brian Jon Agen, VP, CHRO of Modine Manufacturing Co., disposed of 6,729 shares of common stock.
- The transaction was executed to cover tax withholding obligations.
- The price per share for the disposed shares was $98.8.
- Following the transaction, Agen directly owns 93,914 shares of Modine common stock, which includes 1,474 units held in the Modine 401(k) Retirement Plan account.
Sentiment
Score: 5
Explanation: This is a routine filing related to tax obligations, and doesn't indicate any significant positive or negative 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 disposed of to cover tax obligations related to stock-based compensation.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 08/04/2024 | Date of stock disposal transaction |
| 08/06/2024 | Date of signature by Attorney in Fact |
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