Vanguard (MOD) files Schedule 13G showing 5.24% ownership in Modine

Rhea-AI Filing Summary

Modine Manufacturing Co reported that Vanguard Capital Management beneficially owns 2,763,681 shares of Common Stock, representing 5.24% of the class. The filing shows Vanguard has sole dispositive power over 2,763,681 shares and sole voting power for 400,947 shares.

The ownership is reported on behalf of Vanguard affiliates and funds; Vanguard states no other single person has an interest above 5%. The filing is signed by Ashley Grim as Head of Global Fund Administration.

Insights

Institutional Ownership Analyst

Vanguard holds a 5.24% passive stake in Modine, shown as beneficial ownership by affiliated funds.

The Schedule 13G indicates a passive reporting position of 2,763,681 shares with sole dispositive power by Vanguard Capital Management. Ownership aggregates holdings across Vanguard funds and managed accounts as described in the filing.

Because this is a 13G passive disclosure, it generally signals index/passive exposure rather than an activist intent; subsequent filings could show changes in status or voting behavior.

Regulatory Compliance Specialist

Filing follows Release No. 34-39538 grouping rules and clarifies voting/dispositive powers.

The filing cites the SEC release to explain aggregation of affiliate holdings and disaggregated subsidiaries. It lists sole voting power of 400,947 shares and sole dispositive power of 2,763,681 shares, consistent with Schedule 13G format.

Filing is signed and dated 04/30/2026; any change in intent or >5% acquisitions would require an amendment or a switch to Schedule 13D.

Key Figures

Beneficial ownership: 2,763,681 shares Percent of class: 5.24% Sole voting power: 400,947 shares +3 more

6 metrics

Beneficial ownership 2,763,681 shares as of 03/31/2026 reported on Schedule 13G

Percent of class 5.24% percentage of Common Stock reported

Sole voting power 400,947 shares shares Vanguard has sole power to vote

Sole dispositive power 2,763,681 shares shares Vanguard has sole power to dispose

Reporting date 03/31/2026 date to which ownership relates

Filing signature date 04/30/2026 date the Schedule 13G was signed

Key Terms

Schedule 13G, sole dispositive power, SEC Release No. 34-39538

3 terms

Schedule 13G regulatory

"Schedule 13G beneficial ownership filing for Modine Manufacturing Co"

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

sole dispositive power regulatory

"Sole power to dispose or to direct the disposition of: 2763681"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

SEC Release No. 34-39538 regulatory

"In accordance with SEC Release No. 34-39538 (January 12, 1998), this reflects the securities beneficially owned"

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Modine Manufacturing Co

(Name of Issuer)

Common Stock

(Title of Class of Securities)

607828100

(CUSIP Number)

03/31/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 607828100

1

Names of Reporting Persons

Vanguard Capital Management

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

PENNSYLVANIA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 400,947.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 2,763,681.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,763,681.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.24 %

12

Type of Reporting Person (See Instructions)

IA

Comment for Type of Reporting Person: In accordance with SEC Release No. 34-39538 (January 12, 1998), this Schedule 13G reflects the securities beneficially owned, or deemed to be beneficially owned, by Vanguard Capital Management LLC and the following affiliates of Vanguard Capital Management LLC or business divisions of such affiliates: Vanguard Asset Management Limited, Vanguard Fiduciary Trust Company, Vanguard Global Advisers, LLC and Vanguard Investments Australia Ltd. This Schedule 13G includes securities held by Vanguard funds, or sleeves thereof, over which Vanguard Capital Management LLC exercises dispositive power, in addition to securities held by clients over which the affiliates or business divisions of such affiliates indicated above exercise dispositive and/or voting power. This Schedule 13G does not include securities, if any, beneficially owned by other subsidiaries or affiliates of Vanguard Capital Management LLC, or business divisions of such subsidiaries, whose ownership of securities is disaggregated from that of the reporting business unit in accordance with such release.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Modine Manufacturing Co
(b)	Address of issuer's principal executive offices: 1500 De Koven Ave, Racine, WI, 53403-2540
Item 2.
(a)	Name of person filing: Vanguard Capital Management
(b)	Address or principal business office or, if none, residence: 100 Vanguard Blvd,, Malvern, PA, 19355
(c)	Citizenship: PA
(d)	Title of class of securities: Common Stock
(e)	CUSIP Number(s): 607828100
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 2763681
(b)	Percent of class: 5.24 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 400947
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 2763681
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. Vanguard Capital Management, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein.No one other person's interest in the securities reported herein is more than 5%.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Vanguard Capital Management

Signature:	Ashley Grim
Name/Title:	Head of Global Fund Administration
Date:	04/30/2026

FAQ

What stake does Vanguard Capital Management report in MOD?

Vanguard reports beneficial ownership of 2,763,681 shares, equal to 5.24% of Modine's Common Stock. The filing shows sole dispositive power over those shares and sole voting power for 400,947 shares.

Does this Schedule 13G indicate Vanguard is an activist in MOD?

No. The Schedule 13G is a passive disclosure indicating beneficial ownership across funds and accounts. The filing does not state activist intent or plans to change control; it aggregates holdings under SEC Release No. 34-39538.

Who has voting and dispositive power over the reported shares?

The filing reports sole voting power for 400,947 shares and sole dispositive power for 2,763,681 shares. Shared voting and dispositive powers are reported as 0.

Was the Schedule 13G signed and when?

Yes. The filing is signed by Ashley Grim, Head of Global Fund Administration, with an execution date of 04/30/2026. The reporting date for the beneficial ownership is 03/31/2026.

Are any other persons reported to own more than 5% of MOD in this filing?

No. Vanguard states that no one other person's interest in the securities reported is more than 5%; holdings are shown as held on behalf of Vanguard funds and managed accounts.