Form 4: Modine Manufacturing Co. Executive Agen Brian Jon Reports Stock Transactions
SEC Form 4 Filing
VP, CHRO Brian Jon Agen reports acquisition of restricted stock units and disposal of shares to cover tax withholding.
Summary
- Brian Jon Agen, VP, CHRO of Modine Manufacturing Co., reported transactions involving the company's common stock on May 16, 2025.
- Agen acquired 1,275 shares of common stock through an award of restricted stock units.
- These restricted stock units will vest in three tranches: 33% on May 16, 2026, 33% on May 16, 2027, and the remaining 34% on May 16, 2028.
- Each restricted stock unit represents a contingent right to receive one share of MOD common stock.
- Agen also disposed of 199 shares of common stock at a price of $104.53 to cover tax withholding.
- Following these transactions, Agen beneficially owns 93,063 shares of Modine common stock, which includes 1,474 units held in the Reporting Person's Modine 401(k) Retirement Plan account.
Sentiment
Score: 6
Explanation: Neutral sentiment as the filing primarily reflects routine stock transactions related to executive compensation and tax obligations.
Positives
- The acquisition of restricted stock units indicates a long-term incentive for the executive to contribute to the company's success.
Negatives
- The disposal of shares to cover tax withholding could be interpreted as a slightly negative signal, although it's a common practice.
Industry Context
Executive stock transactions are a common occurrence in publicly traded companies and are often related to compensation packages and tax obligations. Monitoring these transactions can provide insights into management's sentiment and alignment with shareholder interests.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders.
- However, they provide transparency into executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 05/16/2025 | Date of stock acquisition and disposal |
| 05/16/2026 | First vesting date (33%) of restricted stock units |
| 05/16/2027 | Second vesting date (33%) of restricted stock units |
| 05/16/2028 | Final vesting date (34%) of restricted stock units |
| 05/20/2025 | Date of signature on the Form 4 filing |
Keywords
Modine Manufacturing Co, Brian Jon Agen, restricted stock units, Form 4, insider trading, stock disposal, stock acquisition, executive compensation, CHRO
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