Modine HR chief sells 4,306 shares after option exercise
MOD’s VP and CHRO exercised stock options into common shares and sold 4,306 shares on September 10, 2026, outside a Rule 10b5-1 plan.
Rhea-AI Filing Summary
MODINE MANUFACTURING CO (MOD) reported that vice president and chief human resources officer Brian Jon Agen exercised multiple employee stock options and sold common shares on September 10, 2026. He exercised options covering 9,575 shares at exercise prices of $6.62, $17.79, and $12.28, receiving corresponding common stock. He then sold 4,306 shares of common stock at $180.30 per share in a reported sale. No Rule 10b5-1 trading plan is reported for these transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
7 txns
Insider
Agen Brian Jon
Role
VP, CHRO
Sold
4,306 shs ($776K)
Approx. gross sale proceeds
$776K
Approx. exercise cost
$125K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee stock option (Right to buy) | 4,090 | $0.00 | $0.00 |
| Exercise | Employee stock option (Right to buy) | 1,706 | $0.00 | $0.00 |
| Exercise | Employee stock option (Right to buy) | 3,779 | $0.00 | $0.00 |
| Exercise | Common stock | 2,353 | $6.62 | $16K |
| Exercise | Common stock | 928 | $17.79 | $17K |
| Exercise | Common stock | 1,988 | $12.28 | $24K |
| Sale | Common stock | 4,306 | $180.30 | $776K |
Holdings After Transaction:
Employee stock option (Right to buy) — 0 contracts (Direct);
Common stock — 67,306 shares (Direct)
Key Figures
Shares sold: 4,306 shares
Options exercised (shares): 9,575 shares
Option exercise price: $6.62 per share
+5 more
8 metrics
Shares sold
4,306 shares
Common stock sold on September 10, 2026 by the reporting officer
Options exercised (shares)
9,575 shares
Total shares underlying employee stock options exercised on September 10, 2026
Option exercise price
$6.62 per share
One employee stock option grant exercised into MOD common stock
Option exercise price
$17.79 per share
Two employee stock option grants exercised into MOD common stock
Option exercise price
$12.28 per share
Employee stock option exercise resulting in 1,988 shares of common stock
Sale price
$180.30 per share
Price reported for the sale of 4,306 shares of MOD common stock
Common shares received at $6.62
2,353 shares
Common stock acquired upon option exercise with a $6.62 exercise price
Common shares received at $17.79
928 shares
Common stock acquired upon option exercise with a $17.79 exercise price
Key Terms
Employee stock option, Exercise price, Rule 10b5-1 trading plan
3 terms
Employee stock option financial
"Employee stock option reported as a right to buy shares of common stock"
An employee stock option is a promise that lets a worker buy company shares later at a predetermined price, often after they stay for a certain period or meet performance goals — think of it like a coupon that locks in today's price for a future purchase. It matters to investors because options align employees’ incentives with company performance, can increase the number of shares outstanding (dilution) when exercised, and represent a compensation cost that affects reported profits and shareholder value.
Exercise price financial
"The filing reports an exercise price per share for each option grant"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
Rule 10b5-1 trading plan financial
"No Rule 10b5-1 trading plan is reported for these insider transactions"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did MOD executive Brian Jon Agen report on this Form 4 for MOD?
Brian Jon Agen exercised employee stock options into 9,575 shares of MOD common stock and sold 4,306 shares on September 10, 2026, according to the Form 4 for MODINE MANUFACTURING CO.
What option exercise prices are disclosed in this MOD Form 4 for MODINE MANUFACTURING CO?
The Form 4 shows employee stock options exercised for MOD common stock at exercise prices of $6.62, $17.79, and $12.28 per share, linked to separate option grants.
How many MOD options did the executive exercise in this Form 4 for MOD?
The executive exercised employee stock options covering a total of 9,575 shares of MOD common stock on September 10, 2026, across three option grants.
Was a Rule 10b5-1 trading plan used for the reported MOD insider transactions?
No. The Form 4 indicates that the Rule 10b5-1 trading plan box is not checked, so no Rule 10b5-1 plan is reported in connection with these MOD transactions.
What is the role of the reporting person in the MODINE MANUFACTURING CO Form 4?
The reporting person, Brian Jon Agen, is identified as an officer of MODINE MANUFACTURING CO, serving as vice president and chief human resources officer.
AI-generated analysis. How Rhea-AI works. Not financial advice.
