Modine (NYSE: MOD) VP Agen disposes 388 shares in tax-withholding transaction
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Modine Manufacturing VP and Chief Human Resources Officer Brian Jon Agen reported a small share disposition to cover taxes. On May 16, 2026, 388 shares of common stock were disposed of in a private transaction at $271.26 per share to satisfy tax withholding obligations.
After this tax-withholding transaction, Agen directly holds 89,627 Modine shares, which includes 1,474 units of Modine common stock in his Modine 401(k) Retirement Plan account. The event reflects routine tax-related share handling rather than an open-market trade.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Agen Brian Jon
Role
VP, CHRO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common stock | 388 | $271.26 | $105K |
Holdings After Transaction:
Common stock — 89,627 shares (Direct, null)
Footnotes (1)
- Shares disposed of in a private transaction to cover tax withholding. This total includes 1474 units of Modine common stock held in the Reporting Person's Modine 401(k) Retirement Plan account.
Key Figures
Shares used for tax withholding: 388 shares
Transaction price per share: $271.26 per share
Shares held after transaction: 89,627 shares
+2 more
5 metrics
Shares used for tax withholding
388 shares
Disposed of on May 16, 2026 to cover taxes
Transaction price per share
$271.26 per share
Value assigned to 388 shares for tax withholding
Shares held after transaction
89,627 shares
Total Modine shares directly held following disposition
401(k) plan units
1,474 units
Modine common stock units in 401(k) included in total holdings
Tax-withholding shares summary
388 shares
Reported as tax withholding in transactionSummary
Key Terms
tax withholding, Form 4, 401(k) Retirement Plan, Common stock, +1 more
5 terms
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.
Form 4 regulatory
"INSIDER FILING DATA (Form 4): { "issuerName": "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.
401(k) Retirement Plan financial
"held in the Reporting Person's Modine 401(k) Retirement Plan account."
Common stock financial
"security_title": "Common stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
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.
FAQ
What insider transaction did MOD VP Brian Jon Agen report on this Form 4?
Brian Jon Agen reported disposing of 388 shares of Modine common stock. The shares were transferred in a private transaction specifically to cover tax withholding obligations, rather than as an open-market trade, and were priced at $271.26 per share.
What role does Brian Jon Agen hold at Modine Manufacturing (MOD)?
Brian Jon Agen serves as Vice President and Chief Human Resources Officer at Modine Manufacturing. The Form 4 identifies him as an officer of the company, though he is not listed as a director or a ten percent owner.