Form 4: Modine Executive Receives Restricted Stock Unit Award

Jeremy Michael Patten, President of Performance Technologies at Modine Manufacturing Co, was granted 583 restricted stock units.

Summary

• Jeremy Michael Patten, President of Performance Technologies at Modine Manufacturing Co (MOD), acquired 583 restricted stock units (RSUs) on May 20, 2026.
• The RSUs were granted at a price of $0 per share.
• Following this transaction, the reporting person holds a total of 3,377 shares of common stock.
• The RSUs are subject to a multi-year vesting schedule.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine administrative filing regarding executive compensation, which carries a neutral sentiment.

Positives

• The grant of equity aligns the interests of the executive with those of the shareholders.

Negatives

• None identified.

Risks

• None identified.

Future Outlook

The RSUs will vest in three tranches over the next three years, contingent upon continued service.

Industry Context

StockSavvy.ai notes that equity-based compensation for senior executives is a standard practice in the manufacturing sector to ensure long-term retention and performance alignment.

Comparison to Industry Standards

• The use of multi-year vesting schedules for RSU grants is consistent with standard corporate governance practices for publicly traded companies in the U.S.

Stakeholder Impact

• Minimal impact on shareholders as this is a standard executive compensation grant.

Next Steps

• Vesting of 33% of the granted RSUs on May 20, 2027.
• Vesting of 33% of the granted RSUs on May 20, 2028.
• Vesting of 34% of the granted RSUs on May 20, 2029.

Key Dates

Keywords

Modine Manufacturing, MOD, Form 4, Insider Trading, Restricted Stock Units, Executive Compensation