MODINE (NYSE: MOD) CEO logs private share disposal to cover taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MODINE MANUFACTURING CO President and CEO Neil David Brinker reported a tax-related share disposition. On a Form 4, he disclosed that 3,721 shares of common stock were disposed of in a private transaction to cover tax withholding obligations. After this tax-withholding disposition, he directly holds 365,190 shares of Modine common stock, indicating the event is a routine compensation-related adjustment rather than an open-market trade.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Brinker Neil David
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common stock | 3,721 | $278.91 | $1.04M |
Holdings After Transaction:
Common stock — 365,190 shares (Direct, null)
Footnotes (1)
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Key Figures
Tax-withholding shares disposed: 3,721 shares
Disposition price per share: $278.91 per share
Shares held after transaction: 365,190 shares
3 metrics
Tax-withholding shares disposed
3,721 shares
Common stock disposed to cover tax withholding
Disposition price per share
$278.91 per share
Price used for tax-withholding disposition
Shares held after transaction
365,190 shares
Direct MOD common stock holdings post-transaction
Key Terms
tax-withholding disposition, transaction code F, Form 4
3 terms
tax-withholding disposition financial
"tax-withholding disposition of 3,721 shares of common stock"
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.
transaction code F regulatory
"transaction code "F" indicates payment of exercise price or tax liability"
Form 4 regulatory
"reported on a Form 4 insider filing for MODINE MANUFACTURING CO"
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.
FAQ
What insider transaction did MOD CEO Neil Brinker report on this Form 4?
Neil Brinker reported a tax-withholding disposition of 3,721 shares of MOD common stock. The shares were disposed of in a private transaction to cover tax withholding obligations tied to equity compensation, rather than through an open-market sale.
What does transaction code F mean in the MOD Form 4 for Neil Brinker?
Transaction code F indicates a disposition of shares to pay an exercise price or tax liability. In this MOD filing, it reflects shares disposed of in a private transaction specifically to satisfy tax withholding on equity compensation.
Does the MOD Form 4 show any options exercises or derivative transactions?
No derivative transactions are listed in this Form 4. The derivativeSummary is empty, and transaction data show only a non-derivative common stock tax-withholding disposition, with no option exercises or conversions reported in this particular filing.