Modine executive awarded 1,094 restricted shares
Patten Jeremy Michael reported acquisition or exercise transactions in this Form 4 filing.
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common stock | 1,094 | $0.00 | $0.00 |
Footnotes (1)
- F1. 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.
FAQ
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What insider transaction did Modine (MOD) report for Jeremy Michael Patten?
When do Jeremy Michael Patten’s Modine (MOD) restricted stock units vest?
What does each restricted stock unit represent in the Modine (MOD) Form 4?
Is Jeremy Michael Patten’s Modine (MOD) transaction a market purchase or compensation?
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