Modine (NYSE: MOD) director now holds 80,668 shares
Rhea-AI Filing Summary
MODINE MANUFACTURING CO (MOD) reported that director Suresh V. Garimella received an award of 812 restricted stock units of common stock on 2026-08-20, classified as a grant/award acquisition. Each unit will convert into one share of MOD common stock on the one-year anniversary of the grant. Following this award, Garimella directly holds 80,668 shares of MOD common stock. The filing affirms that the reported transaction is under a Rule 10b5-1 trading plan.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Buyer: 812 shares
Net Buy
1 txn
Insider
Garimella Suresh V
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common stock F1 | 812 | $0.00 | $0.00 |
Holdings After Transaction:
Common stock — 80,668 shares (Direct)
Footnotes (1)
- F1. 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.
Key Figures
Restricted stock units granted: 812 units
Post-transaction direct holdings: 80,668 shares
Transaction price per share: $0.00 per share
+2 more
5 metrics
Restricted stock units granted
812 units
Award of restricted stock units on 2026-08-20
Post-transaction direct holdings
80,668 shares
Common stock directly owned by Suresh V. Garimella after the award
Transaction price per share
$0.00 per share
Grant/award acquisition of restricted stock units
Vesting period
One year
Each restricted stock unit converts into one share on the one-year anniversary of grant
Rule 10b5-1 plan status
Affirmed
Document-level checkbox indicates transaction under a Rule 10b5-1 trading plan
Key Terms
restricted stock units, Rule 10b5-1, grant, award, or other acquisition
3 terms
restricted stock units financial
"This is an award of restricted stock units. Each restricted stock unit"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Rule 10b5-1 regulatory
"The filing affirms that the reported transaction is under a Rule 10b5-1"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
grant, award, or other acquisition financial
"transaction code "A" with description "Grant, award, or other acquisition""
FAQ
What insider transaction did MOD (Modine Manufacturing, MOD) report for Suresh V. Garimella?
The company reported that director Suresh V. Garimella received an award of 812 restricted stock units of MOD common stock on 2026-08-20, classified as a grant or award acquisition with no cash price per share.
What are the vesting terms of the restricted stock units granted to the MOD director?
The filing states that each of the 812 restricted stock units represents a right to receive one share of MOD common stock on the one-year anniversary of the grant date.
Was the reported MOD (MOD) insider transaction made under a Rule 10b5-1 plan?
Yes. The filing’s Rule 10b5-1 checkbox is marked, indicating the reported transaction was effected pursuant to a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.