Modine (MOD) Director Alan S. Lowe Receives RSU Award (812 shares)

What Happened

• Alan S. Lowe, a director of Modine Manufacturing Co. (MOD), received an award of 812 restricted stock units (RSUs) on August 20, 2026. The Form 4 reports the acquisition at $0.00 (award/grant code A).
• The filing records no immediate cash purchase or sale — this is a compensation award rather than an open‑market trade. The reported acquisition value on the Form 4 is $0.00 because RSUs are recorded as grants that convert to shares in the future rather than immediate share purchases.

Key Details

• Transaction date: 2026-08-20; Form 4 filed: 2026-08-21 (timely filing).
• Transaction type/code: A — Award/Grant of restricted stock units; reported price: $0.00.
• Shares/units granted: 812 RSUs. Amount of securities owned after the transaction is not provided in the information supplied.
• Footnote: Each RSU represents the right to receive one share of MOD common stock on the one‑year anniversary of the grant (vesting/delivery in ~Aug 2027).
• No 10b5-1 plan, tax withholding, or immediate sale noted in the provided filing.

Context

• RSU grants are a form of compensation and do not represent immediate ownership of shares until they vest and are delivered; they are not a direct purchase signal. Upon vesting, the recipient typically receives shares (or cash equivalent) and may then choose to hold or sell them.
• This filing reflects routine director compensation rather than an open‑market buy or sale by the insider.