Form 4: Modine Manufacturing Executive Disposes Shares for Tax Withholding

Modine Manufacturing Co.'s President of Climate Solutions, Eric S. McGinnis, disposed of 648 shares of common stock to cover tax withholding obligations.

Summary

• Eric S. McGinnis, President, Climate Solutions at Modine Manufacturing Co. (MOD), reported a transaction on May 31, 2025.
• He disposed of 648 shares of common stock at a price of $90.8 per share.
• This disposal was made to cover tax withholding obligations, indicated by transaction code 'F'.
• Following this transaction, Mr. McGinnis beneficially owns 47,019 shares of Modine Manufacturing common stock.

Sentiment

Score: 5

Explanation: The transaction is a routine tax-related disposal of shares, which is neutral in sentiment as it does not reflect a discretionary sale or purchase based on management's view of the company's prospects.

Future Outlook

The document, a Form 4, does not provide information regarding the company's future outlook or guidance.

Industry Context

This Form 4 filing reports a routine insider transaction for tax withholding purposes and does not provide broader industry context or trends.

Stakeholder Impact

• The disposal of shares by an executive for tax withholding purposes is a routine event and is unlikely to have a significant direct impact on shareholders, employees, customers, suppliers, or creditors.

Key Dates

Keywords

Modine Manufacturing, MOD, SEC Form 4, Insider Transaction, Stock Disposal, Tax Withholding, Eric S. McGinnis, Climate Solutions