Form 4: Modine Manufacturing VP Sells Shares for Tax Withholding

Modine Manufacturing's VP and CHRO, Brian Jon Agen, disposed of 1,752 shares of common stock at $93.62 per share to cover tax withholding, retaining 90,015 shares.

Summary

• Brian Jon Agen, VP, CHRO of Modine Manufacturing Co (MOD), reported a transaction on June 6, 2025.
• The transaction involved the disposal of 1,752 shares of common stock.
• The shares were disposed of in a private transaction at a price of $93.62 per share.
• The purpose of the disposal was to cover tax withholding obligations.
• Following this transaction, Mr. Agen beneficially owns 90,015 shares of Modine common stock.
• This total includes 1,474 units of Modine common stock held in the Reporting Person's Modine 401(k) Retirement Plan account.

Sentiment

Score: 5

Explanation: The sentiment is neutral as this is a routine, non-discretionary sale of shares for tax withholding purposes, which is a common occurrence for executives receiving equity compensation and does not reflect a change in company fundamentals or management's outlook.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This filing is a routine insider transaction report (Form 4) detailing an executive's sale of shares to cover tax withholding. It does not provide information relevant to broader industry trends or competitive landscape analysis.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine, non-discretionary transaction for tax purposes and does not signal a change in company fundamentals or management's confidence.

Key Dates

Keywords

Modine Manufacturing, MOD, Form 4, Insider Transaction, Stock Sale, Tax Withholding, Brian Jon Agen, Executive Compensation