Brinker Neil David 4
4 · MODINE MANUFACTURING CO · Filed Jun 2, 2026
Research Summary
AI-generated summary of this filing
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.
Insider Transaction Report
- Tax Payment
Common stock
[F1]2026-05-31$278.91/sh−3,721$1,037,824→ 365,190 total
Footnotes (1)
- [F1]Shares disposed of in a private transaction to cover tax withholding.