MOD (NYSE: MOD) data center president receives 591 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
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
1 transaction reported
Mixed
1 txn
Insider
Laszlo Arthur Jr.
Role
President, Data Centers
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common stock | 591 | $0.00 | -- |
Holdings After Transaction:
Common stock — 7,796 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSU grant size: 591 restricted stock units
Grant price: $0.0000 per share
Holdings after grant: 7,796 shares
+3 more
6 metrics
RSU grant size
591 restricted stock units
Award of MOD common stock units to Arthur Laszlo Jr.
Grant price
$0.0000 per share
Compensation award, not an open-market purchase
Holdings after grant
7,796 shares
Direct ownership of MOD common stock post-transaction
First vesting tranche
33% on May 20, 2027
Initial vesting date for RSU award
Second vesting tranche
33% on May 20, 2028
Second vesting date for RSU award
Final vesting tranche
34% on May 20, 2029
Final vesting date for RSU award
Key Terms
restricted stock units, contingent right, common stock
3 terms
restricted stock units financial
"This is an award of restricted stock units which will vest as follows"
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.
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share"
common stock financial
"Each restricted stock unit represents a contingent right to receive one share of MOD common stock"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What did MOD executive Arthur Laszlo Jr. report in this Form 4 for MOD?
Arthur Laszlo Jr., President, Data Centers at MODINE MANUFACTURING CO, reported receiving 591 restricted stock units of MOD common stock as a compensation award, granted at no cash cost, which will increase his direct share ownership as the units vest over time.
What is the vesting schedule for Arthur Laszlo Jr.’s MOD restricted stock units?
The 591 restricted stock units vest in three tranches: 33% on May 20, 2027, 33% on May 20, 2028, and the final 34% on May 20, 2029. This three-year schedule encourages longer-term alignment with MOD’s performance.