Form 4: Modine Manufacturing Co. EVP, CFO Michael B. Lucareli Reports Acquisition of 2,885 Shares of Common Stock

Michael B. Lucareli, EVP and CFO of Modine Manufacturing Co., reported the acquisition of 2,885 shares of common stock on May 16, 2024, through an award of restricted stock units.

Summary

• On May 16, 2024, Michael B. Lucareli, the EVP and CFO of Modine Manufacturing Co., acquired 2,885 shares of common stock.
• This acquisition was through an award of restricted stock units.
• These restricted stock units will vest in three tranches: 33% on May 16, 2025, 33% on May 16, 2026, and the remaining 34% on May 16, 2027.
• Each restricted stock unit represents a contingent right to receive one share of MOD common stock.
• Following the reported transaction, Lucareli beneficially owns 197,472 shares of Modine common stock, which includes 971 units held in his Modine 401(k) Retirement Plan account.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. The acquisition of shares by an executive is generally viewed positively, but it's a routine transaction related to compensation.

Positives

• The acquisition of shares by a high-ranking executive can be seen as a positive signal, indicating confidence in the company's future performance.

Future Outlook

The restricted stock units will vest over the next three years, incentivizing the executive to contribute to the company's long-term success.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency regarding the transactions of company insiders. These filings are closely watched by investors to gauge executive sentiment and potential future performance.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment due to the executive's increased stake in the company.

Key Dates