MOD Form 4: Director Alan Lowe awarded 1,252 restricted stock units

Rhea-AI Filing Summary

Alan S. Lowe, a director of Modine Manufacturing Co. (MOD), was granted 1,252 restricted stock units on 08/21/2025. The Form 4 shows the award was reported as an acquisition at a $0 price and that Mr. Lowe beneficially owns 1,252 shares following the transaction. The filing explains each restricted stock unit converts into one share of Modine common stock on the one-year anniversary of the grant. The Form 4 was signed by an attorney-in-fact on 08/25/2025. No derivative transactions or other securities classes are reported on this form.

Positive

• Director received 1,252 restricted stock units, aligning his interest with shareholders when RSUs convert to common shares
• Award was reported clearly with transaction date (08/21/2025) and post-transaction beneficial ownership (1,252 shares)

Negative

• None.

Insights

Financial Analyst

TL;DR: Routine director equity award of 1,252 RSUs; modest alignment with shareholders, no immediate cash consideration.

The grant of 1,252 restricted stock units to a company director is a standard compensation mechanism that aligns the director with shareholder outcomes once the RSUs vest into common shares after one year. The transaction is reported as an acquisition at $0, consistent with typical restricted stock unit accounting where no cash changes hands at grant. The filing discloses only non-derivative common stock units and shows direct beneficial ownership of 1,252 shares following the award. There are no disclosed option grants, dispositions, or other material events in this Form 4.

Corporate Governance Expert

TL;DR: Standard governance practice—director awarded time-based RSUs vesting after one year; disclosure is complete for this event.

The disclosure clearly identifies the reporting person as a director and records a non-derivative award of 1,252 restricted stock units dated 08/21/2025. The explanatory note specifies each RSU converts to one share after one year, which is a common retention and alignment tool. The Form 4 captures the post-transaction direct beneficial ownership and is signed by an authorized representative. No governance anomalies or additional related-party transactions are indicated in this filing.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

LOWE ALAN S

(Last) (First) (Middle)

1500 DEKOVEN AVE.

(Street)

RACINE WI 53403

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
MODINE MANUFACTURING CO [ MOD ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/21/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common stock	08/21/2025		A		1,252(1)	A	$0	1,252	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. This is an award of restricted stock units. Each restricted stock unit represents a right to receive one share of MOD common stock on the one year anniversary of the date of grant.

	/s/ Erin J. Roth, Attorney-in-Fact	08/25/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Alan S. Lowe report on the Form 4 for MOD?

He was granted 1,252 restricted stock units on 08/21/2025 and beneficially owns 1,252 shares following the transaction.

When do the restricted stock units (RSUs) convert into Modine common stock?

Each RSU converts into one share on the one-year anniversary of the grant date, per the filing explanation.

Was there any cash payment for the RSU award reported on the Form 4?

No cash price was reported; the transaction is recorded as an acquisition at $0.

Who signed the Form 4 filing for this transaction?

The form is signed by Erin J. Roth, Attorney-in-Fact, with a signature date of 08/25/2025.

Does the Form 4 show any derivative securities or other transactions?

No derivatives or other classes of securities are reported on this Form 4.