Form 4: Modine VP Brian Agen Receives Restricted Stock Award

Modine Manufacturing Company VP and CHRO Brian Agen was granted 556 restricted stock units as part of an equity incentive award.

Summary

• Brian Agen, VP and CHRO of Modine Manufacturing Company, acquired 556 restricted stock units (RSUs) on May 20, 2026.
• Each RSU represents a contingent right to receive one share of common stock.
• The total beneficial ownership for the reporting person following this transaction is 90,183 shares.
• The reported total includes 1,474 shares held within the reporting person's 401(k) retirement plan.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine administrative filing regarding executive compensation that carries no significant market signal.

Positives

• The transaction reflects an equity-based incentive award, aligning the interests of the executive with shareholders.

Negatives

• None identified.

Risks

• The value of the acquired equity is subject to market volatility and the future performance of Modine Manufacturing Company stock.

Future Outlook

The RSUs are subject to a multi-year vesting schedule, with full vesting occurring by May 20, 2029.

Industry Context

StockSavvy.ai notes that equity grants to key executives are standard corporate governance practices intended to incentivize long-term retention and performance alignment within the manufacturing sector.

Comparison to Industry Standards

• The use of multi-year vesting schedules for RSU grants is consistent with standard executive compensation practices among mid-cap industrial companies.

Stakeholder Impact

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

Next Steps

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

Key Dates

Keywords

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