Michael B. Lucareli - 10 Feb 2025 Form 4 Insider Report for MODINE MANUFACTURING CO (MOD)

Role
EVP, CFO
Signature
/s/ Erin J. Roth, Attorney-in-Fact
Issuer symbol
MOD
Transactions as of
10 Feb 2025
Net transactions value
-$1,521,506
Form type
4
Filing time
12 Feb 2025, 12:18:54 UTC
Previous filing
10 Feb 2025
Next filing
20 May 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MOD Common stock Options Exercise $232,594 +17,541 +13% $13.26 150,072 10 Feb 2025 Direct F1
transaction MOD Common stock Sale $1,754,100 -17,541 -12% $100.00 132,531 10 Feb 2025 Direct F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction MOD Employee stock option (Right to buy) Options Exercise $0 -17,541 -59% $0.000000 11,996 10 Feb 2025 Common stock 17,541 $13.26 Direct F3
* 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 November 7, 2024.
F3 This option vested in four equal installments on May 29, 2020, 2021, 2022, and 2023.