Modine (MOD) CFO Michael Lucareli Sells 915 Shares (Tax Withholding)

What Happened

• Michael B. Lucareli, EVP and CFO of Modine Manufacturing Co. (MOD), disposed of 915 shares on May 16, 2026 as a tax-withholding payment related to prior equity activity. The shares were valued at $271.26 each, for a total of approximately $248,203.
• This was a withholding/sale to cover taxes (transaction code F), not an open‑market sell motivated as a cash‑out purchase by the insider.

Key Details

• Transaction date and price: May 16, 2026 — 915 shares at $271.26 per share (total ≈ $248,203).
• Transaction type: F (shares disposed to satisfy tax withholding obligations; footnote F1 confirms a private transaction to cover tax withholding).
• Shares owned after transaction: The filing does not provide a full post-transaction holdings total in the materials provided here; it notes (footnote F2) that 971 units are held in the reporting person’s Modine 401(k) account.
• Filing date: May 19, 2026 (reported for the May 16 transaction). The filing was submitted a few days after the transaction and is not marked in this summary as late.

Context

• Tax-withholding disposals (code F) are common when employees exercise options or receive awards and shares are surrendered or sold to cover taxes; they are administrative in nature and do not necessarily indicate a change in the insider’s view of the company.
• For retail investors, purchases or open-market sales tend to signal stronger intent than routine withholding transactions; this filing appears to be an administrative tax-related disposal.