4//SEC Filing
McBurney Matthew J 4
Accession 0001567619-21-011545
CIK 0000067347other
Filed
Jun 1, 8:00 PM ET
Accepted
Jun 2, 5:32 PM ET
Size
9.9 KB
Accession
0001567619-21-011545
Insider Transaction Report
Form 4
McBurney Matthew J
VP, Commercial Products Group
Transactions
- Award
Common stock
2021-05-28+2,428→ 65,942 total - Tax Payment
Common stock
2021-05-30$17.59/sh−321$5,646→ 64,818 total - Tax Payment
Common stock
2021-05-29$17.59/sh−803$14,125→ 65,139 total - Tax Payment
Common stock
2021-06-01$18.13/sh−361$6,545→ 64,457 total
Footnotes (3)
- [F1]The performance period for Performance Stock under the long-term incentive compensation plan initiated in May 2018 terminated in calendar 2021. 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: Cash Flow Return on Invested Capital (CFROIC) and Average Annual Revenue Growth. The Company's CFROIC for the performance period was 11.1% which exceeded the Target 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 59% of the Target.
- [F2]This total includes 271 units of Modine common stock held in the Reporting Person's Modine 401(k) Retirement Plan account.
- [F3]Shares disposed of in a private transaction to cover tax withholding.
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, 5:32 PM ET
- Size
- 9.9 KB