Form 4: Modine Manufacturing Director Sells Shares

Christopher William Patterson, a director at Modine Manufacturing Co., sold 14,225 shares of common stock at a weighted average price of $90.5619 on March 7, 2024.

Summary

• On March 7, 2024, Christopher William Patterson, a director of Modine Manufacturing Co., sold 14,225 shares of common stock.
• The sale was executed at a weighted average price of $90.5619 per share.
• Following the transaction, Patterson directly owns 97,517 shares of Modine Manufacturing Co.
• The sale was reported on a Form 4 filing with the Securities and Exchange Commission.

Sentiment

Score: 5

Explanation: The document is a neutral report of a stock sale by a company director. It doesn't inherently convey positive or negative sentiment.

Industry Context

This is a routine disclosure of insider trading activity. It's common for directors and officers to buy and sell shares of their company's stock. The impact on the stock price is usually minimal unless the transaction is very large or part of a broader trend.

Stakeholder Impact

• The sale of shares by a director could have a minor negative impact on shareholder sentiment, but is unlikely to have a significant impact.

Key Dates