Form 4: Modine CFO Michael Lucareli Receives RSU Grant
Statement of Changes in Beneficial Ownership
Modine Manufacturing Company CFO Michael B. Lucareli was granted 1,306 restricted stock units as part of an equity incentive award.
Summary
- Michael B. Lucareli, EVP and CFO of Modine Manufacturing Co (MOD), acquired 1,306 restricted stock units (RSUs) on May 20, 2026.
- The RSUs represent a contingent right to receive one share of common stock per unit.
- The award vests in three tranches: 33% on May 20, 2027, 33% on May 20, 2028, and 34% on May 20, 2029.
- Following this transaction, the reporting person's total beneficial ownership is 55,969 shares, which includes 971 units held in a 401(k) plan.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral administrative filing regarding executive compensation, which carries no material impact on the company's financial outlook.
Positives
- Alignment of executive interests with long-term shareholder value through multi-year RSU vesting schedule.
- Continued retention of key financial leadership.
Negatives
- None identified; this is a standard equity compensation disclosure.
Risks
- Market volatility affecting the future value of the granted equity.
- Vesting is subject to continued employment with the issuer.
Future Outlook
The filing does not provide forward-looking financial guidance, focusing solely on executive equity compensation.
Industry Context
StockSavvy.ai notes that routine equity grants to C-suite executives are standard corporate governance practices intended to incentivize long-term performance and retention within the industrial manufacturing sector.
Comparison to Industry Standards
- The vesting schedule of 3-4 years is consistent with standard executive compensation practices among mid-cap industrial companies.
- The use of RSUs as a primary equity vehicle aligns with current market trends for executive retention.
Stakeholder Impact
- Minimal impact on shareholders as this is a standard compensation event.
Next Steps
- Vesting of the first tranche of RSUs on May 20, 2027.
Key Dates
| Date | Description |
|---|---|
| 2026-05-20 | Transaction date of RSU grant |
| 2026-05-22 | Filing date of Form 4 |
| 2027-05-20 | First vesting date (33%) |
| 2028-05-20 | Second vesting date (33%) |
| 2029-05-20 | Final vesting date (34%) |
Keywords
Modine Manufacturing, MOD, Insider Trading, Form 4, Executive Compensation, CFO
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.