Form 4: Director Patterson Acquires 1,320 Shares of Modine Manufacturing Co. Through Deferred Restricted Stock Units

Director Christopher William Patterson acquired 1,320 shares of Modine Manufacturing Co. common stock on August 15, 2024, through a deferred restricted stock unit award.

Summary

• On August 15, 2024, Christopher William Patterson, a director of Modine Manufacturing Co., acquired 1,320 shares of common stock.
• The acquisition was through a deferred award of restricted stock units, with each unit representing the right to receive one share of MOD common stock.
• The price per share was $0.
• Following the transaction, Patterson directly owns 98,837 shares of Modine Manufacturing Co.
• The shares will be delivered based on Patterson's deferral election.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine filing indicating a director's acquisition of shares through deferred stock units. While insider buying can be seen as positive, it's not necessarily a strong indicator of future performance.

Positives

• The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future prospects.

Future Outlook

The shares will be delivered to the reporting person based on their deferral election applicable to the restricted stock units.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a director's continued investment in the company.

Stakeholder Impact

• The acquisition of shares by a director could have a slightly positive impact on shareholder sentiment.

Key Dates