Modine (MOD) CEO Neil Brinker Sells Shares to Cover Taxes

What Happened
Neil David Brinker, President & CEO and a director of Modine Manufacturing Co. (MOD), disposed of 3,721 shares on May 31, 2026 at $278.91 per share, resulting in proceeds of approximately $1,037,824. The transaction was recorded under Code F, indicating the shares were used to satisfy tax withholding obligations rather than an open-market sale for investment purposes.

Key Details

• Transaction date: May 31, 2026; filing date: June 2, 2026 (two days after the transaction).
• Price per share: $278.91; shares disposed: 3,721; gross value: $1,037,824 ($1.04M).
• Post-transaction holdings: Not reported in the provided filing excerpt.
• Footnote: F1 — shares were disposed in a private transaction to cover tax withholding.
• Filing timeliness: Filed June 2, 2026; no late-filing flag provided in the excerpt.

Context
This was a routine tax-withholding disposal (common after option exercises or share vesting) rather than an open-market sale motivated by diversification or liquidity. Such transactions are generally administrative and do not, by themselves, indicate a change in an insider’s view of the company.