Laszlo Arthur Jr. 4

What Happened

• Laszlo Arthur Jr., President (Data Centers) of Modine Manufacturing Co., received 10,838 shares on 2026-05-26 as the settlement of a performance stock award (performance period 2024–2026). On the same date he disposed of 4,753 shares in a private transaction to cover tax withholding, at an effective price of $295.88 per share (total reported proceeds $1,406,318). The award (A) is an acquisition; the disposal (F) was for tax withholding and is routine, not an open-market sale.

Key Details

• Transaction dates: 2026-05-26 (award and withholding sale); Form 4 filed 2026-05-28 (appears timely).
• Award: 10,838 shares issued in settlement of Performance Stock for the 2024–2026 performance period (footnote F1).
• Withholding sale: 4,753 shares disposed in a private transaction to cover taxes, at $295.88/share, proceeds $1,406,318 (footnote F2).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Filing timeliness: Filed two days after the transaction date, which is within the typical 2-business-day Form 4 reporting window.

Context

• This was a performance-vested equity settlement, not a market purchase; the partial sale was a tax-withholding transaction (common when awards vest) and does not necessarily signal a change in the insider’s market view.