[Form 4] Modine Manufacturing Co Insider Trading Activity
Rhea-AI Filing Summary
Modine Manufacturing Co (MOD) officer Eric S. McGinnis disclosed insider sales in a Form 4. On 08/22/2025 he sold 20,868 shares at a weighted average price of $140.65 and 4,305 shares at $141.89. On 08/25/2025 he disposed of 759 shares in a private transaction to cover tax withholding at $138.12. Following these transactions the reporting person beneficially owned 19,207 shares, held directly. The Form 4 includes a footnote that the $140.65 price is a weighted average across multiple sale prices within $140.56 to $141.06 and offers to provide full breakdowns on request.
Positive
- None.
Negative
- None.
Insights
TL;DR: Officer sold a sizable block of shares across two dates, reducing direct holdings to 19,207 shares; transaction fully disclosed on Form 4.
The filing shows Robert McGinnis's role as President, Climate Solutions, reporting three disposals totaling 25,932 shares across two trading dates and a private tax-withholding transfer. The Form 4 supplies transaction codes and prices, including a weighted-average price disclosure for the largest sale. For investors this is a routine insider sale disclosure rather than a corporate event; the filing provides clear quantities, prices, and the post-transaction beneficial ownership level.
TL;DR: Disclosure complies with Section 16 rules and documents both open-market sales and a private tax-related disposition.
The Form 4 identifies the reporting person as an officer and Director and lists the nature of each disposition, including a private transfer to cover tax withholding. The document includes appropriate explanatory footnotes and a signature by an attorney-in-fact, indicating procedural compliance. There is no indication in the filing of derivative transactions or amendments beyond the reported disposals.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common stock | 759 | $138.12 | $105K |
| Sale | Common stock | 20,868 | $140.65 | $2.94M |
| Sale | Common stock | 4,305 | $141.89 | $611K |
Footnotes (1)
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $140.56 to $141.06, 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 this footnote. Shares disposed of in a private transaction to cover tax withholding.