Form 4: Modine VP Disposes Shares for Tax Withholding

Modine Manufacturing Co.'s VP, General Counsel, and CCO, Erin Jennifer Roth, disposed of 516 shares of common stock to cover tax withholding.

Summary

• Erin Jennifer Roth, the Vice President, General Counsel, and Chief Compliance Officer (CCO) of Modine Manufacturing Co. (MOD), reported a transaction involving the company's common stock.
• On November 27, 2025, Roth disposed of 516 shares of Modine Manufacturing Co. common stock.
• The disposal was a private transaction conducted to cover tax withholding obligations, as indicated by transaction code 'F'.
• The shares were disposed of at a price of $158.97 per share.
• This transaction was made pursuant to a contract, instruction, or written plan for the purchase or sale of equity securities of the issuer, intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
• Following this reported transaction, Roth beneficially owns 3,867 shares of Modine Manufacturing Co. common stock directly.

Sentiment

Score: 5

Explanation: The sentiment is neutral as this is a routine, non-discretionary insider transaction for tax withholding purposes, pre-arranged under a 10b5-1 plan, and does not reflect a change in management's outlook or company fundamentals.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Industry Context

This is a routine insider transaction filing (Form 4) and does not provide information relevant to broader industry trends or competitive landscape.

Stakeholder Impact

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

Key Dates

Recommendation

This Form 4 filing reports a routine disposal of shares by an insider to cover tax withholding, which is a common and expected event, especially when executed under a Rule 10b5-1(c) plan. It does not provide new information that would alter the fundamental investment thesis for Modine Manufacturing Co., hence a 'hold' recommendation is maintained based solely on this filing.

Keywords

Modine Manufacturing, MOD, Erin Jennifer Roth, Form 4, Insider Transaction, Share Disposal, Tax Withholding, Rule 10b5-1(c)