Garimella Suresh V 4
Research Summary
AI-generated summary
Modine (MOD) Director Garimella Suresh V Sells 1,100 Shares
What Happened
- Garimella Suresh V, a director of Modine Manufacturing Co. (MOD), sold 1,100 shares in an open-market transaction on 2026-02-02.
- The shares were sold at $184.07 each for a total proceeds of approximately $202,477.
- This was a sale (not a purchase); the filing notes the sale was made under a pre-established Rule 10b5-1 trading plan, which generally indicates the trades were prearranged.
Key Details
- Transaction date: 2026-02-02; filing date: 2026-02-03 (timely filing).
- Price per share: $184.07; total value: ~$202,477.
- Footnote: Sale executed under a Rule 10b5-1 plan adopted by the reporting person on September 20, 2025.
- Shares owned after the transaction: not stated in the supplied filing excerpt.
- Transaction code: S (sale), open-market/private sale reported.
Context
- Sales under a 10b5-1 plan are typically pre-planned and do not necessarily indicate a change in the insider’s view of the company. Retail investors should view this as a routine insider sale unless accompanied by other material disclosures or patterns of insider selling.