Form 4: Modine Manufacturing Executive Sells Shares

Michael B. Lucareli, EVP and CFO of Modine Manufacturing Co., reported a disposition of 1,476 shares of common stock on May 31, 2026.

Summary

• Michael B. Lucareli, Executive Vice President and Chief Financial Officer of Modine Manufacturing Co., disposed of 1,476 shares of common stock on May 31, 2026.
• The transaction was a private sale to cover tax withholding obligations.
• Following this transaction, Mr. Lucareli beneficially owns 93,645 shares of Modine common stock.
• This total includes 971 units of Modine common stock held within the Reporting Person's Modine 401(k) Retirement Plan account.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as the stock disposition is attributed to standard tax withholding obligations rather than a negative view of the company's prospects.

Negatives

• The filing reports a disposition of company stock by a key executive, which could be perceived negatively by the market if not for the stated reason.

Risks

• Potential for negative market perception regarding insider stock sales, even if for tax withholding purposes.

Future Outlook

No specific future outlook or guidance is provided in this Form 4 filing.

Industry Context

StockSavvy.ai notes that Form 4 filings are routine disclosures of insider transactions. While any sale of stock by an executive can attract attention, the stated reason of tax withholding is a common and generally accepted explanation for such dispositions.

Stakeholder Impact

• Shareholders: May observe the transaction, but the stated reason for sale mitigates significant concern.
• Employees: The transaction is unlikely to have a direct impact on employees.
• Creditors: No direct impact expected.
• Suppliers: No direct impact expected.
• Customers: No direct impact expected.

Key Dates

Keywords

Modine Manufacturing, Form 4, Insider Transaction, Stock Sale, CFO, SEC Filing, Beneficial Ownership