Modine (NYSE: MOD) CEO completes Rule 10b5-1 share sales totaling 31,871 shares
Rhea-AI Filing Summary
Modine Manufacturing Company reported insider share sales by its President and CEO, who is also a director. On December 2, 2025, he sold 25,025 shares of common stock at a weighted average price of $160.36 per share, followed by an additional sale of 6,846 shares at a weighted average price of $161.31 per share. After these transactions, he beneficially owns 238,312 shares of Modine common stock, held directly.
The filing explains that these transactions were executed under a pre-arranged Rule 10b5-1 trading plan that the executive entered into on March 24, 2025. The company notes that these trades complete all activity under that plan, and that the reported prices are weighted averages of multiple trades within narrow intraday price ranges.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common stock | 25,025 | $160.36 | $4.01M |
| Sale | Common stock | 6,846 | $161.31 | $1.10M |
Footnotes (1)
- The reported transactions were completed pursuant to a trading plan entered into by Mr. Brinker on March 24, 2025, in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended. This completes all activity under that plan. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $160.00 to $160.97, 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 (2) and (3) to this Form 4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $161.005 to $161.73, inclusive.