Michael B. Lucareli - 20 Nov 2023 Form 4 Insider Report for MODINE MANUFACTURING CO (MOD)

Role
EVP, CFO
Signature
/s/ T. Michael Rathburn, Attorney in Fact
Issuer symbol
MOD
Transactions as of
20 Nov 2023
Net transactions value
-$3,017,470
Form type
4
Filing time
22 Nov 2023, 13:27:52 UTC
Previous filing
23 Oct 2023
Next filing
15 Dec 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MOD Common stock Sale $1,005,588 -20,000 -7.3% $50.28 254,587 20 Nov 2023 Direct F1, F2
transaction MOD Common stock Sale $1,005,418 -20,000 -7.9% $50.27 234,587 20 Nov 2023 Direct F1, F2
transaction MOD Common stock Sale $1,006,464 -20,000 -8.5% $50.32 214,587 20 Nov 2023 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 This total includes 971 units of Modine common stock held in the Reporting Person's Modine 401(k) Retirement Plan account.
F2 The reported sale occurred in accordance with a Rule 10b5-1 plan adopted by the reporting person on August 17, 2023.