Form 4: Modine Manufacturing Co. Executive Agen Brian Jon Reports Stock Transactions
SEC Form 4
VP of Human Resources at Modine Manufacturing, Brian Jon Agen, reports exercising stock options and selling shares on March 28, 2024.
Summary
- On March 28, 2024, Brian Jon Agen, VP of Human Resources at Modine Manufacturing Co., executed stock options and sold shares of common stock.
- Agen exercised options to acquire 3,192 shares at $14.94, 4,842 shares at $11.39, and 8,765 shares at $10.
- Concurrently, Agen sold 15,389 shares at a weighted average price of $95.5978 and 1,410 shares at a weighted average price of $96.0493.
- Following these transactions, Agen directly owns 102,409 shares of Modine common stock, including 1,474 units held in the Modine 401(k) Retirement Plan account.
Sentiment
Score: 5
Explanation: This is a routine filing of insider transactions, neither particularly positive nor negative.
Industry Context
Executive stock transactions are a normal part of corporate governance and are publicly disclosed to ensure transparency.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership.
Key Dates
| Date | Description |
|---|---|
| 03/28/2024 | Date of stock option exercise and stock sale transactions. |
| 06/02/2015 | First vesting date for 3,192 employee stock options. |
| 06/02/2016 | First vesting date for 4,842 employee stock options and second vesting date for 3,192 employee stock options. |
| 05/31/2017 | First vesting date for 8,765 employee stock options. |
| 06/02/2017 | Third vesting date for 3,192 employee stock options and second vesting date for 4,842 employee stock options. |
| 05/31/2018 | Second vesting date for 8,765 employee stock options. |
| 06/02/2018 | Fourth vesting date for 3,192 employee stock options and third vesting date for 4,842 employee stock options. |
| 05/31/2019 | Third vesting date for 8,765 employee stock options. |
| 06/02/2019 | Fourth vesting date for 4,842 employee stock options. |
| 05/31/2020 | Fourth vesting date for 8,765 employee stock options. |
| 04/01/2024 | Date of signature for the Form 4 filing. |
| 06/02/2024 | Expiration date for 3,192 employee stock options. |
| 06/02/2025 | Expiration date for 4,842 employee stock options. |
| 05/31/2026 | Expiration date for 8,765 employee stock options. |
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