Modine (MOD) Insider Report: 1,149 Deferred RSUs Added to Director’s Holdings

Rhea-AI Filing Summary

Modine Manufacturing Co (MOD) Form 4 summary: Christine Y. Yan, identified as a director and reporting person, reported on Form 4 that on 08/21/2025 she acquired 1,149 restricted stock units (RSUs) that were deferred by the reporting person. Each RSU represents a right to receive one share of Modine common stock and the RSUs were recorded at a price of $0. After this award, the reporting person beneficially owns 74,443 shares. The filing was signed on behalf of the reporting person by an attorney-in-fact on 08/25/2025. The filing notes that shares will be delivered according to the reporting person’s deferral election applicable to the RSUs.

Positive

• Director increased ownership by 1,149 RSUs, bringing total beneficial ownership to 74,443 shares
• Award delivered via deferral election, indicating alignment of director compensation with long-term equity

Negative

• None.

Insights

Financial Analyst

TL;DR: Insider received a deferred equity award of 1,149 RSUs, modestly increasing ownership to 74,443 shares; routine, non-cash compensation event.

This Form 4 discloses a non-derivative award of 1,149 restricted stock units granted via a deferral election and recorded at $0 consideration. For investors, this is a compensation-related grant rather than an open-market purchase or sale, so it does not signal immediate market demand or liquidity impact. The incremental change to total beneficial ownership is modest relative to typical institutional holdings and appears administrative in nature.

Corporate Governance Expert

TL;DR: Director recorded deferred RSU award; standard director compensation practice with delivery per deferral terms.

The filing indicates the reporting person is a director and used a prior deferral election to convert compensation into RSUs. This is consistent with common governance practices to align directors with shareholder interests through equity-based awards. The filing contains no indication of accelerated vesting, sales, or related-party transactions, and provides the required disclosure of resulting beneficial ownership.

SEC Form 4

FORM 4

UNITED 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
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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^*

Yan Christine Y

(Last) (First) (Middle)

C/O CABOT CORPORATION

TWO SEAPORT LANE, SUITE 1300

(Street)

BOSTON MA 02210

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
MODINE MANUFACTURING CO [ MOD ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/21/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)
			Code	V	Amount	(A) or (D)	Price
Common stock	08/21/2025		A		1,149(1)	A	$0	74,443	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. This is an award of restricted stock units that was deferred by the reporting person. Each restricted stock unit represents a right to receive one share of MOD common stock. Shares will be delivered to the reporting person based on the reporting person's deferral election applicable to the restricted stock units.

	/s/ Erin J. Roth, Attorney-in-Fact	08/25/2025
	** Signature of Reporting Person	Date
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.

FAQ

What transaction did Christine Y. Yan report on the Form 4 for MOD?

The Form 4 reports an acquisition on 08/21/2025 of 1,149 restricted stock units (RSUs) that were deferred by the reporting person.

How many Modine (MOD) shares does the reporting person beneficially own after the reported transaction?

After the transaction the reporting person beneficially owns 74,443 shares of Modine common stock.

Was consideration paid for the RSUs reported on the Form 4?

The Form 4 shows a price of $0, reflecting that these RSUs were part of a deferral election rather than a cash purchase.

When was the Form 4 signed and who signed it?

The Form 4 was signed by Erin J. Roth, Attorney-in-Fact on 08/25/2025.

Does the filing indicate when the RSUs will convert to shares?

The filing states that shares will be delivered based on the reporting person’s deferral election, but it does not provide specific delivery or vesting dates.