A noteworthy insider acquisition was disclosed on April 1, as Agen, VP at Modine Manufacturing (NYSE:MOD), reported the acquisition of stock options for 16,799 shares.
What Happened: Uncovered in a Form 4 filing on Monday with the U.S. Securities and Exchange Commission, Agen, VP at Modine Manufacturing, executed an insider options move. This move consisted of acquiring stock options for 16,799 shares of MOD, granting Agen the right to purchase the company's stock at an exercise price of $11.34 per share.
Modine Manufacturing shares are currently trading down by 2.57%, with a current price of $91.5 as of Tuesday morning. This brings the total value of Agen's 16,799 shares to $1,346,619.
Discovering Modine Manufacturing: A Closer Look
Modine Manufacturing Co provides thermal management solutions to diversified markets and customers. The company provides engineered heat transfer systems and heat transfer components for use in on- and off-highway original equipment manufacturer (OEM) vehicular applications primarily in the United States. It offers powertrain cooling products, such as engine cooling assemblies, radiators, condensers, and charge air coolers; auxiliary cooling products, including power steering and transmission oil coolers.
Key Indicators: Modine Manufacturing's Financial Health
Revenue Growth: Modine Manufacturing's revenue growth over a period of 3 months has been noteworthy. ...