MOD President sells 38.1K shares for $10.9M across 9 transactions; holdings drop 56.4%
Eric S McGinnis, President of Commercial HVAC at Modine Manufacturing, executed 9 separate sales totaling 38,082 shares for $10,855,989.04 between May 29 and June 1, 2026, reducing his post-transaction holdings to 29,384 shares from 67,466 shares—a 56.4% reduction in stake. The blended average sale price was $285.07 across a range of $280.13–$290.79, compared to a current price of $305.50. This scale of liquidation by a division president during a period of strong recent price momentum (+14.5% over 30 days, +45.5% over 90 days) represents a material reduction in insider equity exposure. His prior 4 trades at MOD were all well-timed at the 90-day mark, and his cross-ticker track record shows a 100% well-timed rate on 4 prior sells, though applied to this current filing the timing cannot yet be assessed. The company's P/E of 455.97 alongside negative net income of $-47,400,000 contrasts with revenue growth of +23.1% annually, reflecting elevated valuation metrics relative to profitability.