Modine (MOD) CEO Neil Brinker Sells 2,882 Shares for Tax Withholding

What Happened

• Neil D. Brinker, President, CEO and Director of Modine Manufacturing Co. (MOD), had 2,882 shares disposed of at $271.26 per share on 2026-05-16, totaling about $781,771. The shares were surrendered/removed to satisfy tax withholding obligations following an equity event.

Key Details

• Transaction date: 2026-05-16; filing date: 2026-05-19 (no late-filing flag noted in the reported Form 4).
• Price per share: $271.26; total proceeds/value: ~$781,771.
• Shares disposed: 2,882 (transaction code F — tax withholding).
• Footnote: F1 — "Shares disposed of in a private transaction to cover tax withholding."
• Shares owned after the transaction: not specified in the provided filing excerpt.

Context

• This was a routine tax-withholding disposition (private transaction) to cover taxes from an equity award or option exercise, not an open-market sale intended as a stock-timing signal. Such withholding sales are common and do not necessarily reflect the insider’s view of the company’s stock. Purchases by insiders are generally more informative about positive conviction.