Form 4: Modine Manufacturing Executive Sells Shares to Cover Tax Withholding
SEC Form 4 Filing
Eric S. McGinnis, President of Climate Solutions at Modine Manufacturing, disposed of 1,824 shares of common stock on June 6, 2024, to cover tax withholding.
Summary
- On June 6, 2024, Eric S. McGinnis, President of Climate Solutions at Modine Manufacturing Co., disposed of 1,824 shares of common stock.
- The transaction was executed to cover tax withholding obligations.
- The shares were sold at a price of $90.52 per share.
- Following the transaction, McGinnis directly owns 81,306 shares of Modine Manufacturing Co.
- This transaction was filed as a Form 4 with the Securities and Exchange Commission (SEC).
Sentiment
Score: 5
Explanation: This is a neutral event. An executive selling shares to cover taxes is a normal occurrence and doesn't necessarily indicate a positive or negative outlook for the company.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This particular filing indicates a sale of shares to cover tax obligations, which is a common practice.
Key Dates
| Date | Description |
|---|---|
| 06/06/2024 | Date of the transaction (stock disposal). |
| 06/10/2024 | Date of signature on the Form 4 filing. |
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