MODINE MANUFACTURING CO 10-Q

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds. ISSUER PURCHASES OF EQUITY SECURITIES The following describes the Company’s purchases of common stock during the second quarter of fiscal 2025: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Maximum ​ ​ ​ ​ ​ ​ ​ ​ ​ Number (or ​ ​ ​ ​ ​ ​ ​ Total Number of ​ Approximate Dollar ​ ​ ​ ​ ​ ​ ​ Shares Purchased ​ Value) of Shares ​ ​ ​ ​ Average ​ as Part of Publicly ​ that May Yet Be ​ ​ Total Number of ​ Price Paid ​ Announced Plans ​ Purchased Under the Period ​ Shares Purchased ​ Per Share ​ or Programs ​ Plans or Programs (a) July 1 – July 31, 2024 2,031 (b) ​ $ 106.10 — ​ $ 32,063,074 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ August 1 – August 31, 2024 28,643 (b) ​ $ 100.80 — ​ $ 32,063,074 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 1 – September 30, 2024 — ​ ​ — — ​ $ 32,063,074 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total 30,674 ​ $ 101.15 — ​ ____ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (a) Effective November 5, 2022, the Company ’ s Board of Directors authorized the Company to repurchase up to $50.0 million of Modine common stock at such times and prices that it deems to be appropriate. This authorization expires on November 5, 2024. (b) Includes shares delivered back to the Company by employees and/or directors to satisfy tax withholding obligations that arise upon the vesting of stock awards. The Company, pursuant to its equity compensation plans, gives participants the opportunity to turn back to the Company the number of shares from the award sufficient to satisfy tax withholding obligations that arise upon the termination of restrictions. These shares are held as treasury shares.