Modine (MOD) Director Eric D. Ashleman Receives 812-Share RSU Award

What Happened

• Eric D. Ashleman, a director of Modine Manufacturing Co. (MOD), was granted 812 restricted stock units (RSUs) on 2026-08-20. The reported acquisition price is $0.00 (812 shares @ $0.00 = $0).
• These RSUs are an award/compensation item (transaction code A), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-08-20; Form 4 filed: 2026-08-21 (filed the next day, which is timely for insider reporting).
• Award: 812 RSUs at $0.00 acquisition price.
• Shares owned after transaction: not specified in the provided filing.
• Footnote: The RSUs were previously deferred by the reporting person; each RSU represents a right to one share and shares will be delivered according to the reporting person's deferral election (see footnote F1).
• This is a grant/award (A); no sale or purchase occurred.

Context

• RSUs are a form of compensation that convert to shares in the future (often subject to vesting, delivery timing, and tax withholding). Because these RSUs were deferred, actual share delivery will depend on Ashleman’s deferral election.
• Awards to directors are common and reflect compensation practices rather than an immediate market buying or selling signal.