MOD executive granted 583 restricted stock units
Patten Jeremy Michael reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Patten Jeremy Michael reported acquisition or exercise transactions in this Form 4 filing.
MODINE MANUFACTURING CO executive Jeremy Michael Patten, President of Performance Technologies, reported receiving an equity award of 583 shares of common stock in the form of restricted stock units. This is a compensation-related grant at no cash cost to him, not an open-market trade.
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. After this award, his direct holdings total 3,377 shares of MOD common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common stock | 583 | $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
grant, award, or other acquisition financial
FAQ
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What insider transaction did MOD (MOD) report for Jeremy Michael Patten?
What are the vesting terms of Jeremy Michael Patten’s MOD (MOD) restricted stock units?
Does this MOD (MOD) Form 4 indicate any insider selling activity?
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