Were Eric D. Ashleman’s MOD share sales open-market transactions?

Yes, all three transactions are coded as open-market sales (code S). The filing describes them as sales in the open market or private transactions, with reported prices given as weighted averages of multiple trades within specified intraday ranges.

Director at Modine (NYSE: MOD) sells 15,000 shares in open-market trades

Filing Impact

(Very High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

MODINE MANUFACTURING CO director Eric D. Ashleman reported selling 15,000 shares of common stock in open-market transactions. The sales occurred on June 16, 2026 in three blocks: 4,550 shares at an average price of $286.266, 4,511 shares at $287.448, and 5,939 shares at $291.122. Each reported price is a weighted average for multiple trades within narrow intraday ranges.

Insights

Director executed routine open-market sales totaling 15,000 MOD shares.

Director Eric D. Ashleman executed three open-market sales of MODINE MANUFACTURING CO common stock on June 16, 2026, totaling 15,000 shares. Reported weighted average prices ranged from about $286.266 to $291.122 per share across the transactions.

All transactions are coded as open-market sales (code S), with no associated option exercises or derivative activity in this filing. Without data on total company shares outstanding, the filing mainly indicates discretionary selling rather than a clearly material change in ownership.

Insider Trade Summary

Net Seller: 15,000 shares ($4,328,162)

Net Sell 3 txns

Insider ASHLEMAN ERIC D

Role null

Sold 15,000 shs ($4.33M)

Type	Security	Shares	Price	Value
Sale	Common stock	4,550	$286.266	$1.30M
Sale	Common stock	4,511	$287.448	$1.30M
Sale	Common stock	5,939	$291.122	$1.73M

Holdings After Transaction: Common stock — 52,800 shares (Direct, null)

Footnotes (1)

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $285.845 to $286.730, 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 (1) through (3) to this Form 4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $287.038 to $287.990, inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $290.795 to $291.300, inclusive.

Key Figures

Total shares sold: 15,000 shares Sale block 1: 4,550 shares at $286.266 Sale block 2: 4,511 shares at $287.448 +1 more

4 metrics

Total shares sold 15,000 shares Open-market sales of common stock on June 16, 2026

Sale block 1 4,550 shares at $286.266 Weighted average price, open-market sale

Sale block 2 4,511 shares at $287.448 Weighted average price, open-market sale

Sale block 3 5,939 shares at $291.122 Weighted average price, open-market sale

Key Terms

open-market sale, weighted average price, Form 4

3 terms

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.

weighted average price financial

"The price reported in Column 4 is a weighted average price."

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.

Form 4 regulatory

"within the ranges set forth in footnotes (1) through (3) to this Form 4."

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.

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Form 4 Insider Transactions: What Each Field Means →

06/18/2026 - 03:30 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

ASHLEMAN ERIC D

(Last)

(First)

(Middle)

3100 SANDERS ROAD

SUITE 301

(Street)

NORTHBROOK

ILLINOIS

60062

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
MODINE MANUFACTURING CO [ MOD ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/16/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common stock	06/16/2026		S		4,550	D	$286.266⁽¹⁾	52,800	D
Common stock	06/16/2026		S		4,511	D	$287.448⁽²⁾	48,289	D
Common stock	06/16/2026		S		5,939	D	$291.122⁽³⁾	42,350	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $285.845 to $286.730, 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 (1) through (3) to this Form 4.

2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $287.038 to $287.990, inclusive.

3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $290.795 to $291.300, inclusive.

	/s/ Erin J. Roth, Attorney-in-Fact	06/18/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did MOD (Modine Manufacturing) report in this Form 4?

MOD reported that director Eric D. Ashleman sold 15,000 shares of Modine Manufacturing common stock. The sales were split across three open-market transactions on June 16, 2026, at weighted average prices between about $286 and $291 per share.

How many MOD shares did director Eric D. Ashleman sell and at what prices?

Eric D. Ashleman sold a total of 15,000 MOD shares. The sales were 4,550 shares at $286.266, 4,511 shares at $287.448, and 5,939 shares at $291.122, each representing weighted average prices across multiple trades that day.

Did the MOD Form 4 include any option exercises or derivative activity?

No, the MOD Form 4 shows only non-derivative common stock sales. The derivative summary is empty, and transaction codes are all “S” for sales, indicating there were no option exercises, conversions, or other derivative-related transactions reported in this filing.

What price ranges did MOD cite for the weighted average sale prices in the Form 4 footnotes?

The footnotes state that actual trade prices ranged from $285.845 to $286.730, $287.038 to $287.990, and $290.795 to $291.300. Each reported transaction price is a weighted average within its respective range, based on multiple executions.