ASHLEMAN ERIC D 4

What Happened

• Eric D. Ashleman, a director of Modine Manufacturing Co. (MOD), sold a total of 15,000 common shares in open-market transactions on June 16, 2026, receiving approximately $4,328,162 in proceeds.
• The sales were reported as three separate disposals: 4,550 shares at a weighted-average $286.27 ($1,302,510); 4,511 shares at a weighted-average $287.45 ($1,296,678); and 5,939 shares at a weighted-average $291.12 ($1,728,974). All transactions are coded as S (sale).

Key Details

• Transaction date (reporting period): June 16, 2026; Form 4 filed June 18, 2026 (appears timely).
• Reported line details:
  • 4,550 shares — weighted avg $286.27; proceeds $1,302,510 (prices ranged $285.845–$286.730) [F1].
  • 4,511 shares — weighted avg $287.45; proceeds $1,296,678 (prices ranged $287.038–$287.990) [F2].
  • 5,939 shares — weighted avg $291.12; proceeds $1,728,974 (prices ranged $290.795–$291.300) [F3].
• Total: 15,000 shares sold for ~$4.33M.
• Shares owned after the transaction: not specified in the excerpt provided in your request.
• No 10b5‑1 plan, tax withholding, option exercises, or gift notation is indicated in the provided data.

Context

• These were outright sales (S = sale). Sales by directors can reflect personal liquidity or portfolio management and are not, by themselves, a clear signal about company fundamentals. Retail investors should combine insider activity with other company and market information before drawing conclusions.