MODINE MANUFACTURING CO 4
4 · MODINE MANUFACTURING CO · Filed Jun 6, 2017
Insider Transaction Report
Form 4
Schwab Holger
Regional VP - Europe
Transactions
- Award
Common stock
2017-06-02+2,987→ 45,262 total - Tax Payment
Common stock
2017-06-02$15.85/sh−982$15,565→ 43,309 total - Tax Payment
Common stock
2017-06-02$15.85/sh−1,375$21,794→ 43,887 total - Tax Payment
Common stock
2017-06-02$15.85/sh−1,300$20,605→ 42,587 total - Tax Payment
Common stock
2017-06-02$15.85/sh−1,034$16,389→ 42,275 total
Footnotes (2)
- [F1]Shares disposed of in a private transaction to cover tax withholding.
- [F2]The performance period for Performance Stock under the long-term incentive compensation plan initiated in June 2014 terminated in calendar 2017. The amount of the award varied based upon the achievement of Threshold, Target or Maximum levels. Under that plan, the Company used two measures to determine the payouts: Three-Year Average ROACE ("ROACE") and Annual Revenue Growth. The Company's ROACE for the performance period was 7.7%, which exceeded the Threshold level for that performance measure. As a result, in accordance with the long-term incentive compensation plan, the Company issued shares of unrestricted stock at approximately 35% of the Target.