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.
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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
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common stock F1 | 631 | $198.07 | $125K |
Footnotes (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.
Key Figures
Key Terms
restricted stock units financial
vesting and settlement financial
Record Date technical
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Why did 1,654 MOD RSUs vest on September 28, 2026?
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