Modine (NYSE: MOD) CEO receives 5,534 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Brinker Neil David reported acquisition or exercise transactions in this Form 4 filing.
MODINE MANUFACTURING CO President and CEO Neil David Brinker received an equity award of 5,534 restricted stock units. These units vest 33% on 5/20/2027, 33% on 5/20/2028, and 34% on 5/20/2029. Each unit represents a contingent right to receive one share of MOD common stock.
After this award, Brinker directly holds 240,964 shares of Modine common stock. This filing reflects a compensation-related grant rather than an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Brinker Neil David
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common stock | 5,534 | $0.00 | -- |
Holdings After Transaction:
Common stock — 240,964 shares (Direct, null)
Footnotes (1)
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Key Figures
RSU award: 5,534 units
Post-grant holdings: 240,964 shares
First vesting tranche: 33%
+2 more
5 metrics
RSU award
5,534 units
Restricted stock units granted to CEO Neil David Brinker
Post-grant holdings
240,964 shares
Direct Modine common stock held after the transaction
First vesting tranche
33%
Vests on 5/20/2027
Second vesting tranche
33%
Vests on 5/20/2028
Final vesting tranche
34%
Vests on 5/20/2029
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 insider transaction did MOD CEO Neil David Brinker report on this Form 4?
Neil David Brinker reported receiving a grant of 5,534 restricted stock units of Modine Manufacturing common stock. The award is compensation-related, with no cash purchase involved, and increases his direct holdings to 240,964 common shares after the reported transaction.
How many Modine (MOD) restricted stock units were granted to the CEO and how do they vest?
The CEO was granted 5,534 restricted stock units. These units vest in stages: 33% on May 20, 2027, another 33% on May 20, 2028, and the remaining 34% on May 20, 2029, subject to the terms of the award.
What does each restricted stock unit granted to the MOD CEO represent?
Each restricted stock unit granted to the MOD CEO represents a contingent right to receive one share of Modine common stock. Actual share delivery depends on meeting the vesting schedule described in the award terms over the 2027 to 2029 period.