Modine (MOD) CFO Michael Lucareli Receives RSU Award

What Happened
Michael B. Lucareli, Executive Vice President and Chief Financial Officer of Modine Manufacturing Co. (MOD), received a grant of 1,306 restricted stock units (RSUs) on May 20, 2026. The RSUs were granted at $0 (no cash purchase); each RSU represents the right to one share of MOD common stock when vested. This is a compensation award rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-05-20 (reported on Form 4 filed 2026-05-22). Filing appears timely (within standard Form 4 reporting window).
• Transaction type/code: A — Award/Grant. Grant price reported as $0; total immediate cash value reported $0.
• Vesting schedule (footnote): 33% vests on 5/20/2027, 33% on 5/20/2028, and the remaining 34% on 5/20/2029. Each unit converts to one share upon vesting.
• Holdings note (footnote): The filing states the reported total beneficial ownership includes 971 shares held in the reporting person’s Modine 401(k) account. The exact total shares owned after the award is not specified in the supplied excerpt.
• No indication of a 10b5-1 plan, tax-withholding sale, or immediate sale of shares in this filing.

Context
RSU grants are a form of executive compensation and typically vest over time; they do not represent an immediate purchase signal. For retail investors, awards like this are routine compensation disclosures and should be viewed as part of executive pay rather than direct insider buying or selling.