Modine (NYSE: MOD) VP covers tax withholding with 566 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Modine Manufacturing VP and CHRO Brian Jon Agen reported a tax-related share disposition. He transferred 566 shares of common stock in a private transaction to cover tax withholding at a price of $278.91 per share. This was not an open-market sale but a routine mechanism to pay taxes owed on equity compensation. After this transaction, he directly owned 104,625 shares of Modine common stock, which includes 1,474 units held in his Modine 401(k) Retirement Plan account.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Agen Brian Jon
Role
VP, CHRO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common stock | 566 | $278.91 | $158K |
Holdings After Transaction:
Common stock — 104,625 shares (Direct, null)
Footnotes (1)
- Shares disposed of in a private transaction to cover tax withholding. This total includes 1474 units of Modine common stock held in the Reporting Person's Modine 401(k) Retirement Plan account.
Key Figures
Tax-withholding shares: 566 shares
Tax-withholding price: $278.91 per share
Shares held after transaction: 104,625 shares
+1 more
4 metrics
Tax-withholding shares
566 shares
Shares disposed of to cover tax withholding in private transaction
Tax-withholding price
$278.91 per share
Price applied to 566 shares for tax-withholding disposition
Shares held after transaction
104,625 shares
Direct Modine common stock holdings following the disposition
Shares in 401(k) plan
1,474 units
Modine common stock units in 401(k) included in total holdings
Key Terms
tax withholding, private transaction, 401(k) Retirement Plan
3 terms
tax withholding financial
"Shares disposed of in a private transaction to cover tax withholding."
Tax withholding is the practice of taking a portion of a payment—such as wages, dividends, or sale proceeds—before it reaches the recipient and sending that portion to the tax authority as an advance on the recipient’s eventual tax bill. For investors it matters because withholding reduces immediate cash received and affects after‑tax returns, estimated tax payments, and whether you may owe more or receive a refund when taxes are finally calculated, like having a small automatic savings set aside for your tax bill.
private transaction financial
"Shares disposed of in a private transaction to cover tax withholding."
A private transaction is the sale or transfer of securities, assets, or ownership stakes carried out directly between a small number of parties rather than on a public exchange. For investors it matters because these deals are less visible and often less liquid than public trades, so pricing can be harder to verify, the investment can be harder to sell quickly, and buyers or sellers may gain strategic advantages not available in open markets — like negotiated terms similar to a private garage sale versus a crowded marketplace.
401(k) Retirement Plan financial
"units of Modine common stock held in the Reporting Person's Modine 401(k) Retirement Plan account."
FAQ
What insider transaction did MOD VP Brian Jon Agen report on this Form 4?
Brian Jon Agen reported a tax-withholding disposition of 566 Modine common shares. The shares were transferred in a private transaction to cover tax obligations arising from equity compensation, rather than sold in the open market.
What role does Brian Jon Agen hold at Modine Manufacturing (MOD)?
Brian Jon Agen serves as Vice President and Chief Human Resources Officer at Modine Manufacturing. His Form 4 filing reflects equity-related activity tied to his executive compensation, specifically a share transfer to cover associated tax withholding requirements.