Modine (MOD) CFO Michael Lucareli Sells 1,476 Shares

What Happened
Michael B. Lucareli, Executive Vice President and Chief Financial Officer of Modine Manufacturing Co. (MOD), disposed of 1,476 shares on May 31, 2026. The shares were disposed at $278.91 each for a total of $411,671. The filing indicates this was a tax-withholding transaction (code F) related to an equity event.

Key Details

• Transaction date: 2026-05-31; filing date: 2026-06-02 (filed within the Form 4 window).
• Price per share: $278.91; total proceeds: $411,671.
• Nature of transaction: Code F — shares disposed in a private transaction to cover tax withholding (Footnote F1).
• Shares owned after transaction: the filing notes holdings include 971 shares in his Modine 401(k) account (Footnote F2); the full post-transaction total was not specified in the provided excerpt.
• No 10b5-1 plan or late filing flag disclosed in the provided data.

Context
This was a routine tax-withholding disposal (often associated with option exercises or vested awards) rather than an open-market sale for investment purposes. Such transactions are common for executives to satisfy tax obligations and do not, by themselves, reliably indicate a change in insider sentiment.