Modine VP awarded 556 restricted stock units
MODINE MANUFACTURING CO reported that VP and Chief Human Resources Officer Brian Jon Agen received an equity compensation award.
Rhea-AI Filing Summary
MODINE MANUFACTURING CO reported that VP and Chief Human Resources Officer Brian Jon Agen received an equity compensation award. He acquired 556 restricted stock units of Modine common stock at no cash cost as a grant or award.
The award will vest over time, with 33% vesting on May 20, 2027, another 33% on May 20, 2028, and the remaining 34% on May 20, 2029. After this grant, Agen holds a total of 90,183 shares and units, including 1,474 units of Modine common stock in his Modine 401(k) Retirement Plan account.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common stock | 556 | $0.00 | $0.00 |
Footnotes (2)
- 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.
- F2. This total includes 1474 units of Modine common stock held in the Reporting Person's Modine 401(k) Retirement Plan account.
Key Figures
Key Terms
restricted stock units financial
contingent right financial
401(k) Retirement Plan financial
grant, award, or other acquisition financial
FAQ
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What insider transaction did MOD (Modine Manufacturing) disclose in this Form 4?
What are the vesting terms of the new MOD restricted stock unit award?
What does each restricted stock unit in the MOD grant represent?
AI-generated analysis. How Rhea-AI works. Not financial advice.