Modine executive sells 38,082 company shares
Modine Manufacturing executive Eric S. McGinnis, President of Commercial HVAC, reported a series of open-market sales of company common stock.
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Form Type
4
Rhea-AI Filing Summary
Modine Manufacturing executive Eric S. McGinnis, President of Commercial HVAC, reported a series of open-market sales of company common stock. Across several trades on May 29 and June 1, he sold a total of 38,082 shares at prices generally near $280–$291 per share.
In addition, 663 shares were disposed of in a transaction to cover tax withholding. After these sales and the tax-withholding disposition, McGinnis directly holds 29,384 shares of Modine common stock.
Insider Trade Summary
Net Seller: 38,082 shares
Net Sell
10 txns
Insider
McGinnis Eric S
Role
President, Commercial HVAC
Sold
38,082 shs ($10.86M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common stock | 1,912 | $285.008 | $545K |
| Sale | Common stock | 1,511 | $285.7854 | $432K |
| Sale | Common stock | 6,041 | $286.998 | $1.73M |
| Sale | Common stock | 7,167 | $287.899 | $2.06M |
| Sale | Common stock | 2,804 | $288.8362 | $810K |
| Sale | Common stock | 2,767 | $290.1054 | $803K |
| Sale | Common stock | 1,800 | $290.7921 | $523K |
| Exercise Price or Tax Liability | Common stock | 663 | $278.91 | $185K |
| Sale | Common stock | 12,030 | $280.1316 | $3.37M |
| Sale | Common stock | 2,050 | $281.0135 | $576K |
Holdings After Transaction:
Common stock — 29,384 shares (Direct)
Footnotes (10)
- F1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $279.6600 to $280.6500, inclusive. The reporting person undertakes to provide to Modine Manufacturing Company, any security holder of Modine Manufacturing Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (1) and (2) to this Form 4.
- F2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $280.6600 to $281.2600, inclusive.
- F3. Shares disposed of in a private transaction to cover tax withholding.
- F4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $284.3300 to $285.2500, inclusive. The reporting person undertakes to provide to Modine Manufacturing Company, any security holder of Modine Manufacturing Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (4) through (10) to this Form 4.
- F5. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $285.4000 to $286.2400, inclusive.
- F6. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $286.4450 to $287.4262, inclusive.
- F7. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $287.4800 to $288.4100, inclusive.
- F8. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $288.4800 to $289.4150, inclusive.
- F9. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $289.5000 to $290.4800, inclusive.
- F10. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $290.6400 to $291.0800, inclusive.
Key Figures
Total shares sold: 38,082 shares
Tax-withholding shares: 663 shares
Post-transaction holdings: 51,474 shares
+3 more
6 metrics
Total shares sold
38,082 shares
Open-market sales of Modine common stock reported in Form 4
Tax-withholding shares
663 shares
Shares disposed to cover tax withholding
Post-transaction holdings
51,474 shares
Direct Modine common stock held after reported transactions
Sample sale price
$280.1316 per share
Weighted average price for a May 29 open-market sale tranche
Highest reported average sale price
$290.7921 per share
Weighted average price for one June 1 sale tranche
Net buy/sell direction
-38,082 shares
Net-sell shares from transaction summary (excluding tax withholding)
Key Terms
open-market sale, weighted average price, tax-withholding disposition, Form 4, +1 more
5 terms
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Form 4 regulatory
"to this Form 4."
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
Common stock financial
"security_title": "Common stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Modine (MOD) report for Eric S. McGinnis?
Modine reported that executive Eric S. McGinnis conducted open-market sales of common stock totaling 38,082 shares. These trades occurred over May 29 and June 1 at prices around the high-$200s per share, according to the Form 4 filing.
Did the Modine (MOD) insider filing include tax withholding transactions?
Yes. The Form 4 shows 663 Modine common shares disposed of in a transaction expressly described as covering tax withholding. This F-coded entry is classified as a tax-withholding disposition rather than an open-market sale.
Were any derivative securities involved in this Modine (MOD) Form 4?
The filing’s derivative summary is empty, indicating no derivative securities such as stock options or warrants were reported in these transactions. All listed entries involve non-derivative Modine common stock, including open-market sales and one tax-withholding disposition.
AI-generated analysis. How Rhea-AI works. Not financial advice.
