Modine CEO Acquires 8,108 Shares Through Options Exercise, Holds 270K Total
Neil David Brinker, President, CEO, and Director of Modine Manufacturing (NYSE: MOD), exercised stock options and acquired shares on June 18, 2025.
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Rhea-AI Filing Summary
Neil David Brinker, President, CEO, and Director of Modine Manufacturing (NYSE: MOD), exercised stock options and acquired shares on June 18, 2025. Key details of the transaction:
- Exercised 8,108 employee stock options at a strike price of $17.79 per share
- Acquired 8,108 common shares through the options exercise
- Post-transaction, directly owns 270,183 shares and retains 36,331 unexercised stock options
- The exercised options were part of a grant that vested in four equal annual installments from 2022 to 2025
The transaction was executed pursuant to the normal vesting schedule of the executive's equity compensation plan, with the final installment vesting on June 4, 2025. The Form 4 was filed by attorney-in-fact Erin J. Roth on June 20, 2025.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee stock option (Right to buy) | 8,108 | $0.00 | $0.00 |
| Exercise | Common stock | 8,108 | $17.79 | $144K |
Footnotes (1)
- F1. This option vested in four equal installments on June 4, 2022, 2023, 2024, and 2025.
FAQ
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What insider transaction did MOD's CEO Neil Brinker report on June 18, 2025?
What is the vesting schedule for MOD CEO's stock options reported in June 2025?
How many employee stock options does Neil Brinker have remaining at MOD after the June 2025 exercise?
AI-generated analysis. How Rhea-AI works. Not financial advice.