4//SEC Filing
McBurney Matthew J 4
Accession 0001567619-20-011561
CIK 0000067347other
Filed
Jun 1, 8:00 PM ET
Accepted
Jun 2, 7:16 PM ET
Size
11.5 KB
Accession
0001567619-20-011561
Insider Transaction Report
Form 4
McBurney Matthew J
VP, Commercial Products Group
Transactions
- Tax Payment
Common stock
2020-05-29$5.35/sh−756$4,045→ 52,790 total - Tax Payment
Common stock
2020-05-30$5.35/sh−321$1,717→ 58,137 total - Award
Common stock
2020-05-30+5,668→ 58,458 total - Tax Payment
Common stock
2020-06-01$5.34/sh−360$1,922→ 57,234 total - Tax Payment
Common stock
2020-05-31$5.35/sh−543$2,905→ 57,594 total
Footnotes (3)
- [F1]Shares disposed of in a private transaction to cover tax withholding.
- [F2]This total includes 320 units of Modine common stock held in the Reporting Person's Modine 401(k) Retirement Plan account.
- [F3]The performance period for Performance Stock under the long-term incentive compensation plan initiated in June 2017 terminated in calendar 2020. 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 8.2% and Annual Revenue Growth was 11.5%, both of which exceeded the Threshold level for those performance measures. As a result, in accordance with the long-term incentive compensation plan, the Company issued shares of unrestricted stock at approximately 126% of the Target.
Documents
Issuer
MODINE MANUFACTURING CO
CIK 0000067347
Entity typeother
Related Parties
1- filerCIK 0001581842
Filing Metadata
- Form type
- 4
- Filed
- Jun 1, 8:00 PM ET
- Accepted
- Jun 2, 7:16 PM ET
- Size
- 11.5 KB