Modine CEO covers taxes with share disposition
MODINE MANUFACTURING CO President and CEO Neil David Brinker disposed of 2,882 shares of common stock in a private transaction to cover tax withholding obligations.
Accepted by SEC EDGAR
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Form Type
4
Rhea-AI Filing Summary
MODINE MANUFACTURING CO President and CEO Neil David Brinker disposed of 2,882 shares of common stock in a private transaction to cover tax withholding obligations. The tax-withholding disposition was priced at $271.26 per share and left him holding 235,430 shares directly after the transaction.
Insider Trade Summary
Exercise Price or Tax Liability: 2,882 shares
Exercise Price or Tax Liability
1 txn
Insider
Brinker Neil David
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common stock | 2,882 | $271.26 | $782K |
Holdings After Transaction:
Common stock — 235,430 shares (Direct)
Footnotes (1)
- F1. Shares disposed of in a private transaction to cover tax withholding.
Key Figures
Tax-withholding shares disposed: 2,882 shares
Disposition price per share: $271.26 per share
Shares held after transaction: 235,430 shares
3 metrics
Tax-withholding shares disposed
2,882 shares
Common stock used to cover tax withholding
Disposition price per share
$271.26 per share
Price for tax-withholding disposition
Shares held after transaction
235,430 shares
Direct holdings after tax-withholding disposition
Key Terms
tax-withholding disposition, Payment of exercise price or tax liability by delivering securities, private transaction, Form 4
4 terms
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.
Payment of exercise price or tax liability by delivering securities financial
"transaction_code_description: Payment of exercise price or tax liability"
private transaction financial
"Shares disposed of in a private transaction to cover tax withholding."
A private transaction is the sale or transfer of securities, assets, or ownership stakes carried out directly between a small number of parties rather than on a public exchange. For investors it matters because these deals are less visible and often less liquid than public trades, so pricing can be harder to verify, the investment can be harder to sell quickly, and buyers or sellers may gain strategic advantages not available in open markets — like negotiated terms similar to a private garage sale versus a crowded marketplace.
Form 4 regulatory
"INSIDER FILING DATA (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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did MODINE MANUFACTURING CO (MOD) report in this Form 4?
MODINE MANUFACTURING CO reported that President and CEO Neil David Brinker disposed of 2,882 shares of common stock. The shares were transferred in a private transaction specifically to cover tax withholding obligations, rather than representing an open-market purchase or sale of stock.
Was the MOD (MODINE MANUFACTURING CO) CEO’s Form 4 transaction an open-market sale?
The Form 4 indicates the MODINE MANUFACTURING CO CEO’s transaction was not an open-market sale. It is coded as a tax-withholding disposition, with a footnote stating the shares were disposed of in a private transaction specifically to cover tax withholding obligations, rather than a discretionary market trade.
What does the tax-withholding disposition mean for MOD (MODINE MANUFACTURING CO) investors?
A tax-withholding disposition generally reflects administrative handling of equity compensation, not a strategic buy or sell decision. For MODINE MANUFACTURING CO, the CEO used 2,882 shares to satisfy tax obligations while retaining 235,430 shares, suggesting routine compensation-related activity rather than a change in investment stance.
AI-generated analysis. How Rhea-AI works. Not financial advice.
