Form 4: Modine Manufacturing Executive Stock Transaction

Modine Manufacturing VP and CHRO Brian Jon Agen reported the acquisition of 28,318 shares via performance stock settlement and the disposal of 13,310 shares for tax obligations.

Summary

• Brian Jon Agen, VP and CHRO of Modine Manufacturing, acquired 28,318 shares of common stock on May 26, 2026, through the settlement of performance stock units.
• The reporting person disposed of 13,310 shares on the same date at a price of $295.88 per share to satisfy tax withholding requirements.
• Following these transactions, the reporting person holds a total of 105,191 shares of Modine Manufacturing common stock.
• The total holdings include 1,474 units held within the reporting person's 401(k) retirement plan.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as it reflects routine executive compensation and tax-related share disposal rather than a strategic shift.

Positives

• The acquisition of 28,318 shares reflects the successful achievement of performance targets for the 2024-2026 period.

Negatives

• The disposal of 13,310 shares was necessary to cover tax liabilities associated with the stock award.

Risks

• None identified in this filing.

Future Outlook

Not applicable as this is a routine insider transaction report.

Industry Context

StockSavvy.ai notes that this filing represents standard executive compensation activity and does not signal a change in corporate strategy or market outlook.

Comparison to Industry Standards

• The settlement of performance-based equity is a standard practice for executive compensation among mid-cap industrial manufacturing firms.
• Tax withholding via share disposal is a common administrative procedure for corporate officers.

Stakeholder Impact

• Minimal impact on shareholders as the transaction is a standard equity compensation settlement.

Key Dates

Keywords

Modine Manufacturing, MOD, Insider Trading, Form 4, Executive Compensation, Performance Stock