Brian Jon Agen, serving as both Vice President and Chief Human Resources Officer at Modine Manufacturing Co (MOD), has finalized a series of stock dispositions totaling approximately $11.3 million. The transactions, which took place on June 18, 2026, involved the sale of 34,182 shares of the company's common stock.
These sales were executed at prices ranging from $284.7984 to $300.04 per share. The transactions were conducted under a pre-arranged Rule 10b5-1 trading plan, which Mr. Agen initially adopted on March 19, 2026. This recent activity marks the completion of all transactions authorized under that specific plan.
The execution of these sales coincides with a period of significant price appreciation for Modine Manufacturing. Over the past year, the stock has surged more than 207%, currently trading at $289.59. This current price point sits in close proximity to the company's 52-week high of $323.25.
Following the completion of these transactions, Mr. Agen's direct holdings in Modine Manufacturing Co common stock stand at 66,343 shares. This total includes 1,474 units of common stock held within his Modine 401(k) Retirement Plan account. The prices reported for several of these transactions represent weighted average prices, reflecting shares sold in multiple transactions within specified price ranges. Further details on the exact number of shares sold at each price within those ranges are available upon request from Modine Manufacturing Company, any security holder of Modine Manufacturing Company, or the staff of the Securities and Exchange Commission.
The Form 4 filing detailing these transactions was made public on June 22, 2026.
In related corporate developments, Modine Manufacturing recently reported strong financial results for the fourth quarter of fiscal year 2026. The company exceeded earnings expectations, achieving an earnings per share of $1.71, which surpassed the anticipated $1.57. Revenue for the quarter was reported at $954.4 million, also higher than the expected $920.68 million.
Additionally, Modine Manufacturing announced a significant $4 billion long-term agreement with a data center customer. This development contributed to UBS raising its price target on the company's shares to $355 while maintaining a Buy rating. GLJ Research also increased its price target to $428, citing the company's updated long-term guidance and a volume commitment with a hyperscaler customer. DA Davidson raised its price target from $265 to $330, attributing the increase to revised data center-related revenue growth projections and adjusted EBITDA forecasts for fiscal years 2027 and 2028. The firm reiterated a Buy rating on Modine Manufacturing, highlighting the positive outlook in data center visibility.
Current market data shows Modine Manufacturing trading at $289.44, reflecting a change of -7.93 or -2.67%. Real-time data indicates activity as of 14:12:47 in USD.