Form 4: Modine Manufacturing Executive Exercises Stock Options
SEC Form 4 Filing
Eric S. McGinnis, President of Climate Solutions at Modine Manufacturing Co., exercised stock options and disposed of shares on April 3, 2025.
Summary
- On April 3, 2025, Eric S. McGinnis, President of Climate Solutions at Modine Manufacturing Co., exercised employee stock options.
- He exercised options to purchase 9,413 shares of common stock at a price of $12.62 per share.
- Following the transaction, McGinnis directly owns 45,964 shares of Modine Manufacturing Co.
- He also holds options to purchase 2,071 and 9,069 shares.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard insider transaction disclosure. The exercise of options and sale of shares doesn't inherently indicate a positive or negative outlook.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives who receive stock options as part of their compensation. Monitoring these transactions can provide insights into management's perspective on the company's stock.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it's a routine executive stock option exercise and sale.
Key Dates
| Date | Description |
|---|---|
| 08/25/2022 | First vesting date for 6,213 options (25%) |
| 02/23/2022 | First vesting date for 3,200 options (33%) |
| 08/25/2023 | Second vesting date for 6,213 options (25%) |
| 02/23/2023 | Second vesting date for 3,200 options (33%) |
| 08/25/2024 | Third vesting date for 6,213 options (25%) |
| 02/23/2024 | Third vesting date for 3,200 options (34%) |
| 08/25/2025 | Final vesting date for 6,213 options (25%) |
| 04/03/2025 | Date of transaction: Exercise of stock options |
| 08/25/2031 | Expiration date for both option grants |
Keywords
Form 4, Stock Options, Insider Trading, Beneficial Ownership, Modine Manufacturing, McGinnis, Equity Securities
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