Form 4: Modine Director Alan Lowe Receives RSU Award

Modine Manufacturing Co. Director Alan S. Lowe was granted 1,252 restricted stock units, convertible to common stock on August 21, 2026.

Summary

• Alan S. Lowe, a Director of Modine Manufacturing Co. (MOD), acquired 1,252 shares of common stock.
• The acquisition occurred on August 21, 2025, and was an award of restricted stock units (RSUs).
• Each restricted stock unit represents the right to receive one share of MOD common stock.
• The shares will vest and be convertible on the one-year anniversary of the grant date, which is August 21, 2026.
• Following this transaction, Mr. Lowe directly beneficially owns 1,252 shares.

Sentiment

Score: 7

Explanation: A routine equity award to a director, aligning their interests with shareholders, which is generally viewed positively as a standard compensation practice.

Positives

• The award of restricted stock units to Director Alan S. Lowe aligns his interests with those of shareholders, incentivizing long-term performance.

Future Outlook

NA

Industry Context

This transaction represents a routine equity compensation award for a director, a common practice across industries to align executive and board member interests with shareholder value.

Comparison to Industry Standards

• The grant of restricted stock units to a director is a common form of equity compensation, comparable to practices at other publicly traded companies like Johnson Controls (JCI) or Honeywell (HON) which also use RSUs to incentivize long-term performance and retention for their board members.

Stakeholder Impact

• Shareholders: The interests of the director are further aligned with long-term shareholder value through equity ownership.

Next Steps

• Vesting of 1,252 shares of Modine common stock on August 21, 2026.

Key Dates

Recommendation

This Form 4 reports a routine equity compensation award to a director, which is a standard practice for aligning management interests with shareholders. It does not present new information that would significantly alter the investment thesis for Modine Manufacturing Co., thus a 'hold' recommendation is appropriate as it maintains the status quo without indicating a strong buy or sell signal.

Keywords

Modine, MOD, Director, RSU, Restricted Stock Units, Equity Award, Insider Transaction, Form 4