Director Patterson Christopher William sold 28.5K MOD shares at $97.43 on 2025-02-07 for $2.8M; stock down 31.0% from 52-week high.
Patterson sold 28,455 shares (28.8% of his pre-transaction holdings) at $97.43, leaving him with 70,382 shares post-transaction. The sale occurred as MOD trades 31.0% below its 52-week high of $143.22 and has declined 16.9% over the prior 30 days. His prior sale at MOD on 2024-03-07 posted a 90-day return of +6.3%, indicating the stock rose after that sale—not a well-timed exit. His cross-ticker track record shows 1 prior sell with an average 90-day return of +7.8% and a well-timed rate of 0.00%, suggesting his historical sales have not preceded declines. Against a backdrop of recent price weakness and a 32.38 P/E multiple on $616.8M quarterly revenue, this substantial reduction in position warrants attention to whether the director's view of valuation or near-term prospects has shifted.