Modine (NYSE: MOD) grants 1,094 RSUs to performance tech chief

Rhea-AI Filing Summary

Patten Jeremy Michael reported acquisition or exercise transactions in this Form 4 filing.

Modine Manufacturing reported that Jeremy Michael Patten, its President of Performance Technologies, received a grant of 1,094 shares of common stock in the form of restricted stock units at no cash cost. After this award, he holds 2,794 common shares directly.

The restricted stock units will vest on the earlier of March 24, 2027 or shortly after the defined Record Date under a January 29, 2026 separation agreement related to Platinum SpinCo Inc. Each unit represents a contingent right to receive one share of MOD common stock.

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

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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^*

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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President, Perf. Technologies

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/24/2026

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

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Common stock	03/24/2026		A		1,094(1)	A	$0	2,794	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 which will vest the earlier of (i) March 24, 2027 and (ii) 12:01 am Eastern Time on the "Record Date" (as defined in the Separation Agreement, dated as of January 29, 2026, by and among Modine Manufacturing Company (the "Company"), Gentherm Incorporated, and Platinum SpinCo Inc., a wholly owned subsidiary of the Company). Each restricted stock unit represents a contingent right to receive one share of MOD common stock.

	/s/ Erin J. Roth, Attorney-in-Fact	03/26/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Modine (MOD) report for Jeremy Michael Patten?

Modine reported that Jeremy Michael Patten received a grant of 1,094 restricted stock units of MOD common stock. This is a stock-based compensation award, not an open-market purchase, and increases his directly held common shares to a reported total of 2,794.

How many Modine (MOD) shares did Jeremy Michael Patten acquire in this Form 4?

Jeremy Michael Patten acquired 1,094 shares of Modine common stock through a restricted stock unit award. The Form 4 shows this as a grant at a price of $0.00 per share, reflecting compensation rather than a cash transaction, bringing his holdings to 2,794 shares.

When do Jeremy Michael Patten’s Modine (MOD) restricted stock units vest?

The restricted stock units will vest on the earlier of March 24, 2027, or 12:01 a.m. Eastern Time on the “Record Date” defined in a January 29, 2026 separation agreement. Vesting timing is therefore tied to either that fixed date or the contractual record date.

What does each restricted stock unit represent in the Modine (MOD) Form 4?

Each restricted stock unit represents a contingent right to receive one share of MOD common stock. This means Patten’s 1,094-unit award, once vested and settled, can convert into 1,094 additional Modine common shares, subject to the vesting conditions described in the agreement.

Is Jeremy Michael Patten’s Modine (MOD) transaction a market purchase or compensation?

The transaction is compensation, not a market purchase. The Form 4 labels it as a grant or award acquisition with a transaction price of $0.00 per share, indicating stock-based compensation rather than Patten buying shares on the open market with cash.

How large is Jeremy Michael Patten’s Modine (MOD) shareholding after this grant?

After receiving the 1,094 restricted stock unit award, Jeremy Michael Patten is reported as directly holding 2,794 shares of Modine common stock. This total includes the newly granted shares once they are reflected as common stock per the Form 4 disclosure.