Form 4: Modine Manufacturing Executive Adrian Ian Peace Disposes of Shares to Cover Tax Withholding
SEC Form 4 Filing
Adrian Ian Peace, President of Performance Technologies at Modine Manufacturing, disposed of 850 shares of common stock on August 25, 2024, to cover tax withholding obligations.
Summary
- On August 25, 2024, Adrian Ian Peace, President of Performance Technologies at Modine Manufacturing Co., disposed of 850 shares of common stock.
- The transaction was executed to cover tax withholding obligations.
- The shares were disposed of at a price of $119.42 per share.
- Following the transaction, Peace directly owns 32,344 shares of Modine Manufacturing Co. common stock.
Sentiment
Score: 5
Explanation: This is a neutral transaction related to tax obligations and doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
Form 4 filings are a routine part of the US stock market and are required by the SEC to ensure transparency of trading by corporate insiders. This filing indicates a transaction by an officer of Modine Manufacturing, which is typical and doesn't necessarily indicate a change in the company's prospects.
Key Dates
| Date | Description |
|---|---|
| 08/25/2024 | Date of transaction: Adrian Ian Peace disposed of 850 shares of common stock. |
| 08/26/2024 | Date of signature: Erin J. Roth, Attorney in Fact, signed the Form 4. |
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