STOCK TITAN

Modine President Has 631 Shares Withheld for Taxes

Of the 1,654 RSUs settled, 560 were accelerated by the issuer’s board to vest on September 28, 2026.

(High)

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

Form Type
4

Rhea-AI Filing Summary

Modine Manufacturing Co. (MOD) reports that President, Perf. Technologies Jeremy Michael Patten had 631 common shares withheld by the issuer on September 28, 2026, to meet tax-withholding obligations when 1,654 RSUs vested and settled. The reported direct common-stock position following the transaction was 2,746 shares. Of the RSUs, 560 were accelerated by the issuer’s board to vest that day; 1,094 vested under their terms at 12:01 a.m. Eastern Time on the defined Record Date.

Insights

Analyzing...

Insider Patten Jeremy Michael
Role President, Perf. Technologies
Type Security Shares Price Value
Tax Withholding Common stock F1 631 $198.07 $125K
Holdings After Transaction: Common stock — 2,746 shares (Direct)
Footnotes (1)
  1. F1. Represents shares of MOD common stock withheld by the Issuer to satisfy the Reporting Person's tax withholding obligations upon the vesting and settlement on September 28, 2026 of 1,654 restricted stock units ("RSUs"). These consist of (i) 560 RSUs representing the first installment of RSU awards granted on September 29, 2025, which were originally scheduled to vest 33% on each of September 29, 2026 and 2027 and 34% on September 29, 2028, and which the Issuer's Board of Directors accelerated to vest on September 28, 2026, and (ii) 1,094 RSUs granted on March 24, 2026, which vested in accordance with their terms at 12:01 a.m. Eastern Time on the "Record Date" (as defined in the Separation Agreement, dated as of January 29, 2026, by and among Modine Manufacturing Company, Gentherm Incorporated and Platinum SpinCo Inc.). Each RSU represented a contingent right to receive one share of MOD common stock.
Common shares withheld 631 shares Withheld for tax obligations on September 28, 2026
RSUs vested and settled 1,654 RSUs September 28, 2026
Direct common shares following transaction 2,746 shares Reported after the September 28, 2026 transaction
RSUs with accelerated vesting 560 RSUs Issuer’s board accelerated vesting to September 28, 2026
RSUs vested under their terms 1,094 RSUs Granted March 24, 2026; vested at 12:01 a.m. Eastern Time on the defined Record Date
restricted stock units financial
"vesting and settlement ... of 1,654 restricted stock units"
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.
vesting and settlement financial
"upon the vesting and settlement on September 28, 2026"
Record Date technical
"at 12:01 a.m. Eastern Time on the “Record Date”"
The record date is the specific day when a company determines which shareholders are eligible to receive a dividend or participate in an upcoming vote. It’s like a cutoff date; if you own the stock on that day, you get the benefits or voting rights. This date matters because it decides who qualifies for certain company benefits.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many MOD shares did Jeremy Michael Patten have withheld?

Jeremy Michael Patten, President, Perf. Technologies, had 631 MOD common shares withheld on September 28, 2026, to meet tax-withholding obligations when 1,654 RSUs vested and settled. The reported direct common-stock position following the transaction was 2,746 shares.

Why did 1,654 MOD RSUs vest on September 28, 2026?

The RSUs comprised 560 from awards granted September 29, 2025, whose vesting the issuer’s board accelerated to September 28, 2026, and 1,094 granted March 24, 2026, which vested under their terms at 12:01 a.m. Eastern Time on the defined Record Date.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google
Learn about SEC filing dates
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Patten Jeremy Michael

(Last)(First)(Middle)
1500 DEKOVEN AVE.

(Street)
RACINE WISCONSIN 53403

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
MODINE MANUFACTURING CO [ MOD ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
President, Perf. Technologies
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
09/28/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common stock09/28/2026F631(1)D$198.072,746D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Represents shares of MOD common stock withheld by the Issuer to satisfy the Reporting Person's tax withholding obligations upon the vesting and settlement on September 28, 2026 of 1,654 restricted stock units ("RSUs"). These consist of (i) 560 RSUs representing the first installment of RSU awards granted on September 29, 2025, which were originally scheduled to vest 33% on each of September 29, 2026 and 2027 and 34% on September 29, 2028, and which the Issuer's Board of Directors accelerated to vest on September 28, 2026, and (ii) 1,094 RSUs granted on March 24, 2026, which vested in accordance with their terms at 12:01 a.m. Eastern Time on the "Record Date" (as defined in the Separation Agreement, dated as of January 29, 2026, by and among Modine Manufacturing Company, Gentherm Incorporated and Platinum SpinCo Inc.). Each RSU represented a contingent right to receive one share of MOD common stock.
/s/ Erin J. Roth, Attorney-in-Fact09/29/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Keep reading