Modine (NYSE: MOD) VP completes 38K-share Rule 10b5-1 stock sale
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Modine Manufacturing VP and CHRO Brian Jon Agen sold 38,282 shares of common stock in open-market transactions on June 18, 2026. The sales were executed at weighted-average prices within ranges from $284.51 to $300.05 per share under a pre-established Rule 10b5-1 trading plan, which the filing states is now fully completed. Following these sales, he directly holds 66,343 shares of Modine common stock, including units held in his Modine 401(k) Retirement Plan account.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 38,282 shares ($11,299,598)
Net Sell
14 txns
Insider
Agen Brian Jon
Role
VP, CHRO
Sold
38,282 shs ($11.30M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common stock | 123 | $284.7984 | $35K |
| Sale | Common stock | 577 | $286.0551 | $165K |
| Sale | Common stock | 400 | $287.353 | $115K |
| Sale | Common stock | 100 | $288.08 | $29K |
| Sale | Common stock | 200 | $289.205 | $58K |
| Sale | Common stock | 1,380 | $291.6851 | $403K |
| Sale | Common stock | 2,368 | $292.4718 | $693K |
| Sale | Common stock | 6,732 | $293.4834 | $1.98M |
| Sale | Common stock | 4,739 | $294.3661 | $1.40M |
| Sale | Common stock | 4,881 | $295.4166 | $1.44M |
| Sale | Common stock | 900 | $296.1826 | $267K |
| Sale | Common stock | 15,482 | $297.3733 | $4.60M |
| Sale | Common stock | 200 | $298.30 | $60K |
| Sale | Common stock | 200 | $300.04 | $60K |
Holdings After Transaction:
Common stock — 104,502 shares (Direct, null)
Footnotes (1)
- The reported sale occurred in accordance with a Rule 10b5-1 plan adopted by the reporting person on March 19, 2026. 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 $284.5100 to $285.3600, 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 (4) through (14) to this Form 4. This total includes 1474 units of Modine common stock held in the Reporting Person's Modine 401(k) Retirement Plan account. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $285.5500 to $286.5200, inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $287.0350 to $287.9300, inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $289.1900 to $289.2200, inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $290.8600 to $291.8500, inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $291.9500 to $292.9100, inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $292.9600 to $293.9400, inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $293.9850 to $294.9600, inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $294.9900 to $295.9400, inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $295.9900 to $296.9700, inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $297.1700 to $298.0500, inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $300.0300 to $300.0500, inclusive.
Key Figures
Shares sold: 38,282 shares
Price range: $284.51–$300.05 per share
Holdings after transaction: 66,343 shares
+2 more
5 metrics
Shares sold
38,282 shares
Open-market sales on June 18, 2026
Price range
$284.51–$300.05 per share
Weighted-average sale price ranges from footnotes
Holdings after transaction
66,343 shares
Direct Modine common stock held after sales
401(k) units included
1,474 units
Modine common stock units in 401(k) within total holdings
Number of sale entries
14 transactions
Non-derivative open-market sale entries in Form 4
Key Terms
Rule 10b5-1 plan, weighted average price, Modine 401(k) Retirement Plan, open-market sale
4 terms
Rule 10b5-1 plan regulatory
"The reported sale occurred in accordance with a Rule 10b5-1 plan adopted by the reporting person..."
A Rule 10b5-1 plan is a prearranged, written schedule that lets corporate insiders buy or sell company stock at set times or amounts, even if they later learn material nonpublic information. Think of it like setting an automatic thermostat for trades: it creates a clear record that trades were planned in advance, reducing the risk of insider-trading accusations and helping investors trust that insider transactions are routine rather than based on secret information.
weighted average price financial
"The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions..."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
Modine 401(k) Retirement Plan financial
"This total includes 1474 units of Modine common stock held in the Reporting Person's Modine 401(k) Retirement Plan account."
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
FAQ
What did Modine (MOD) executive Brian Jon Agen report in this Form 4?
Brian Jon Agen, Modine’s VP and CHRO, reported selling 38,282 shares of Modine common stock in open-market transactions. These trades occurred on June 18, 2026 and were executed under a pre-established Rule 10b5-1 trading plan that has now been completed.
How many transactions did the Modine (MOD) Form 4 for Brian Jon Agen include?
The transaction summary shows 14 separate open-market sale entries for Modine common stock. Each entry reflects a different weighted-average sale price, with detailed price ranges disclosed in multiple footnotes describing how shares were sold across several closely spaced price levels.