Garimella Suresh V 4

What Happened Suresh V. Garimella, a director of Modine Manufacturing Co. (MOD), sold 1,100 shares on January 22, 2026. The shares were disposed at $150.00 per share for a total transaction value of $165,000. This was a sale (not a purchase), which many insiders execute for routine liquidity; it does not by itself indicate company performance.

Key Details

• Transaction date: 2026-01-22 (reported on Form 4 filed 2026-01-23)
• Transaction type: Sale of 1,100 shares at $150.00 per share — proceeds ~$165,000
• Manner of sale: Reported as open market/private sale; footnote clarifies it was executed under a Rule 10b5-1 trading plan
• Footnote: 10b5-1 plan adopted by the reporting person on September 20, 2025 (prearranged trading plan)
• Shares owned after the transaction: Not disclosed in the provided filing
• Timeliness: Reported the day after the transaction; no late filing indicated in the provided information

Context A Rule 10b5-1 plan allows insiders to prearrange trades and helps show trades were scheduled in advance of the transaction date. Sales under such plans are common and often reflect pre-set liquidity needs rather than a change in sentiment about the company. Retail investors should weigh insider trades alongside other data (earnings, guidance, ownership levels) rather than interpreting a single sale as a buy/sell signal.