MOD executive granted 591 restricted stock units
Laszlo Arthur Jr. reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Laszlo Arthur Jr. reported acquisition or exercise transactions in this Form 4 filing.
MODINE MANUFACTURING CO President, Data Centers Arthur Laszlo Jr. received an equity award of 591 shares of common stock in the form of restricted stock units. The award was granted at no cash cost to him and is part of his compensation.
The restricted stock units will vest over three years, with 33% vesting on May 20, 2027, another 33% on May 20, 2028, and the remaining 34% on May 20, 2029. Each unit represents a right to receive one share of MOD common stock when it vests. After this grant, he directly holds 7,796 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common stock | 591 | $0.00 | $0.00 |
Footnotes (1)
- F1. This is an award of restricted stock units which will vest as follows: 33% on 5/20/2027, 33% on 5/20/2028 and the remaining 34% on 5/20/2029. Each restricted stock unit represents a contingent right to receive one share of MOD common stock.
Key Figures
Key Terms
restricted stock units financial
contingent right financial
common stock financial
FAQ
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What did MOD executive Arthur Laszlo Jr. report in this Form 4 for MOD?
What is the vesting schedule for Arthur Laszlo Jr.’s MOD restricted stock units?
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