Form 4: Modine Manufacturing Co. Director Acquires Restricted Stock Units

David J. Wilson, a director of Modine Manufacturing Co., acquired 1,320 restricted stock units on August 15, 2024, convertible to common stock.

Summary

• On August 15, 2024, David J. Wilson, a director of Modine Manufacturing Co., acquired 1,320 restricted stock units.
• These restricted stock units convert to common stock on a 1:1 basis one year from the grant date.
• Following the transaction, Wilson directly owns 7,429 shares of Modine Manufacturing Co. common stock.

Sentiment

Score: 5

Explanation: This is a neutral regulatory filing. It simply reports a transaction and doesn't inherently indicate positive or negative sentiment about the company's prospects.

Future Outlook

The restricted stock units will vest and convert into common stock one year from the grant date.

Industry Context

Form 4 filings are standard disclosures required by the SEC when insiders (directors, officers, or those holding more than 10% of a company's shares) trade in their company's stock. This filing indicates a director's acquisition of restricted stock units, a common form of executive compensation.

Stakeholder Impact

• The acquisition of restricted stock units by a director aligns their interests with those of the shareholders, potentially incentivizing them to work towards the company's long-term success.

Key Dates