Form 4: Modine Manufacturing VP Sells Shares

Modine Manufacturing VP, Brian Agen, reported a disposition of 566 shares of common stock on May 31, 2026, primarily to cover tax withholdings.

Summary

• Brian Agen, VP, CHRO of Modine Manufacturing Co., disposed of 566 shares of common stock on May 31, 2026.
• The transaction was a sale at a price of $278.91 per share.
• The disposition was made to cover tax withholding obligations.
• Following this transaction, Agen beneficially owns 104,625 shares of common stock.
• This total includes 1,474 units held within the Modine 401(k) Retirement Plan.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as the transaction appears to be a standard tax-related disposition by an executive rather than a reflection of company performance or strategic outlook.

Negatives

• A VP of the company sold shares, which could be perceived negatively by the market, although it was for tax withholding.

Future Outlook

No specific future outlook or guidance is provided in this filing, as it pertains to an insider stock transaction.

Industry Context

StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions. While this specific filing details a sale for tax purposes, any significant insider selling can sometimes be interpreted by the market as a lack of confidence, though the context here suggests a routine event.

Stakeholder Impact

• Shareholders: May observe the transaction, but the reason for sale (tax withholding) mitigates potential negative sentiment.
• Employees: The transaction does not directly impact employees, but it is part of the company's executive compensation and reporting structure.
• Management: Reflects standard executive compensation practices and reporting obligations.

Key Dates

Keywords

Modine Manufacturing, Form 4, Insider Transaction, Stock Sale, Tax Withholding, Beneficial Ownership, VP CHRO