Modine CEO granted 5,534 stock units
Brinker Neil David reported acquisition or exercise transactions in this Form 4 filing.
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
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common stock | 5,534 | $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 insider transaction did MOD CEO Neil David Brinker report on this Form 4?
How many Modine (MOD) restricted stock units were granted to the CEO and how do they vest?
What does each restricted stock unit granted to the MOD CEO represent?
AI-generated analysis. How Rhea-AI works. Not financial advice.