Miller Scott Arlan 4
4 · MODINE MANUFACTURING CO · Filed Jun 2, 2021
Insider Transaction Report
Form 4
Miller Scott Arlan
VP, Building HVAC
Transactions
- Award
Common stock
2021-05-28+3,942→ 72,663 total - Tax Payment
Common stock
2021-05-29$17.59/sh−1,148$20,193→ 71,515 total - Tax Payment
Common stock
2021-05-30$17.59/sh−746$13,122→ 70,769 total - Tax Payment
Common stock
2021-06-01$18.13/sh−580$10,515→ 70,189 total
Footnotes (2)
- [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]Shares disposed of in a private transaction to cover tax withholding.