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 Co., disposed of 1,129 shares of common stock on February 23, 2024, to cover tax withholding.
Summary
- On February 23, 2024, Eric S. McGinnis, President of Climate Solutions at Modine Manufacturing Co., sold 1,129 shares of common stock.
- The transaction was executed to cover tax withholding obligations.
- The sale price was $81.8 per share.
- Following the transaction, McGinnis directly owns 82,056 shares of Modine Manufacturing Co.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a stock sale for tax purposes, which is neutral in sentiment.
Industry Context
Form 4 filings are a routine part of insider trading activity and are used to disclose transactions by company insiders. This transaction is not necessarily indicative of the company's overall performance or future prospects.
Key Dates
| Date | Description |
|---|---|
| 02/23/2024 | Date of the stock sale transaction. |
| 02/27/2024 | Date of signature for the Form 4 filing. |
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