Form 4: Modine Manufacturing Executive Sells Shares for Tax Withholding
Insider Transaction Report
Eric S. McGinnis, President of Climate Solutions at Modine Manufacturing Co., disposed of 1,880 shares of common stock to cover tax withholding obligations.
Summary
- Eric S. McGinnis, President, Climate Solutions of Modine Manufacturing Co. (MOD), reported a transaction on June 6, 2025.
- He disposed of 1,880 shares of common stock at a price of $93.62 per share.
- This transaction was identified as a disposition to cover tax withholding obligations, indicated by transaction code 'F'.
- Following this transaction, Mr. McGinnis beneficially owns 45,139 shares of Modine Manufacturing common stock.
Sentiment
Score: 5
Explanation: Neutral. The transaction is a routine tax-related sale by an insider and does not indicate a change in sentiment towards the company's prospects.
Future Outlook
N/A. This Form 4 filing reports a past transaction and does not provide forward-looking statements or guidance.
Industry Context
N/A. This Form 4 filing details an individual insider transaction and does not provide broader industry context or trends.
Stakeholder Impact
- Minimal impact on shareholders as this is a small, non-discretionary sale for tax purposes by an executive, not indicative of a change in company fundamentals or management's view on the stock.
Key Dates
| Date | Description |
|---|---|
| 06/06/2025 | Date of transaction where 1,880 shares were disposed of. |
| 06/10/2025 | Date the Form 4 was signed by the attorney-in-fact. |
Keywords
Modine Manufacturing, MOD, SEC Form 4, Insider Trading, Stock Sale, Tax Withholding, Eric S. McGinnis, Climate Solutions, Beneficial Ownership
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