Form 4: Modine Manufacturing VP Agen Reports Stock Disposal for Tax Withholding
SEC Form 4 Filing
Brian Jon Agen, VP of Human Resources at Modine Manufacturing, reported disposing of 549 shares of common stock to cover tax withholding on May 31, 2024.
Summary
- Brian Jon Agen, VP of Human Resources at Modine Manufacturing Co., filed a Form 4 on June 4, 2024, reporting a transaction that occurred on May 31, 2024.
- Agen disposed of 549 shares of Modine common stock at a price of $100.92 per share.
- The disposal was to cover tax withholding obligations.
- Following the transaction, Agen directly owns 103,084 shares of Modine common stock, which includes 1,474 units held in the Modine 401(k) Retirement Plan account.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to insider stock transactions, which has a neutral sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to monitor potential alignment of interests between management and shareholders.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine disposal of shares for tax purposes by a company executive.
Key Dates
| Date | Description |
|---|---|
| 05/31/2024 | Date of stock disposal transaction |
| 06/04/2024 | Date Form 4 was filed |
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