Agen Brian Jon 4

What Happened

• Brian Jon Agen, Vice President and Chief Human Resources Officer of Modine Manufacturing (MOD), sold a total of 38,282 shares in open‑market transactions on June 18, 2026. The blocks reported in the filing were executed at prices ranging roughly from about $284.51 to $300.05 per share, generating aggregate proceeds of approximately $11,299,596.
• These were sales (not purchases or option exercises). The filing identifies multiple separate trades with reported per‑block (or weighted average) prices; several line items note that the reported price is a weighted average of multiple executions.

Key Details

• Transaction date: June 18, 2026 (Form 4 filed June 22, 2026 — see timeliness note below).
• Total shares sold: 38,282; Approximate total proceeds: $11.30 million.
• Price range (across reported trades/footnotes): about $284.51 to $300.05 per share; some line items report weighted‑average prices for multiple executions (see footnotes F2, F4–F14).
• Notable footnotes:
  • F1: These sales were made under a Rule 10b5‑1 trading plan adopted March 19, 2026; the filing states this completes all activity under that plan.
  • F3: Reported holdings include 1,474 units held in the reporting person's Modine 401(k) account.
• Shares owned after the transaction: not specified in the excerpt provided (filing indicates 401(k) units are included in holdings).
• Timeliness: Form 4 was filed 4 days after the trade date (filed 6/22 for trades on 6/18). Form 4s are normally due within two business days; check the official filing for any late‑filing indicator ("L").

Context

• These were planned open‑market sales under a prearranged 10b5‑1 plan. Sales executed under such plans are typically scheduled in advance and are considered routine disposition transactions; they do not, by themselves, indicate insider sentiment about the company’s near‑term prospects.
• For retail investors, purchases by insiders generally carry more signal value than routine sales; this filing documents a sizable, preplanned liquidation by a senior executive rather than an ad‑hoc trade.