Modine (NYSE: MOD) HR chief granted 28,318 shares, uses 13,310 for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MODINE MANUFACTURING CO vice president and chief human resources officer Brian Jon Agen reported compensation-related share activity in company common stock. On May 26, 2026, he received a grant of 28,318 shares at $0.00 per share, issued in settlement of Performance Stock for the 2024–2026 performance period. On the same date, 13,310 shares were disposed of in a private transaction to cover tax withholding obligations, rather than as an open-market sale. After these transactions, Agen directly owned 118,501 shares of common stock, which includes 1,474 units held in his Modine 401(k) Retirement Plan account.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Agen Brian Jon
Role
VP, CHRO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common stock | 28,318 | $0.00 | -- |
| Tax Withholding | Common stock | 13,310 | $295.88 | $3.94M |
Holdings After Transaction:
Common stock — 118,501 shares (Direct, null)
Footnotes (1)
- Shares issued in settlement of Performance Stock for the performance period 2024 through 2026. This total includes 1474 units of Modine common stock held in the Reporting Person's Modine 401(k) Retirement Plan account. Shares disposed of in a private transaction to cover tax withholding.
Key Figures
Shares disposed for tax withholding: 13,310 shares at $295.88
Shares granted: 28,318 shares at $0.00
Total shares after transactions: 118,501 shares
+3 more
6 metrics
Shares disposed for tax withholding
13,310 shares at $295.88
Code F tax-withholding disposition on May 26, 2026
Shares granted
28,318 shares at $0.00
Grant/award acquisition on May 26, 2026
Total shares after transactions
118,501 shares
Direct ownership following May 26, 2026 transactions
401(k) plan units included
1,474 units
Units of Modine common stock in 401(k) Retirement Plan
Tax-withholding share count summary
13,310 shares
TaxWithholdingShares in transaction summary
Transaction date
May 26, 2026
Date for both grant and tax-withholding disposition
Key Terms
Performance Stock, 401(k) Retirement Plan, tax withholding, grant/award acquisition
4 terms
Performance Stock financial
"Shares issued in settlement of Performance Stock for the performance period 2024 through 2026."
401(k) Retirement Plan financial
"units of Modine common stock held in the Reporting Person's Modine 401(k) Retirement Plan account."
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.
grant/award acquisition financial
"transaction_action: grant/award acquisition"
FAQ
What insider transactions did MOD VP, CHRO Brian Jon Agen report on this Form 4 for MOD?
Brian Jon Agen reported a share grant and a tax-related share disposition. He received 28,318 MOD common shares as a grant and had 13,310 shares disposed of privately to cover tax withholding obligations tied to that award.
How does tax withholding appear in this MOD Form 4 for Brian Jon Agen?
Tax withholding appears as a code F transaction for 13,310 MOD shares at $295.88 per share. The filing notes these shares were disposed of in a private transaction specifically to cover tax withholding obligations related to the equity award.