Patten Jeremy Michael 4
4 · MODINE MANUFACTURING CO · Filed May 22, 2026
Research Summary
AI-generated summary of this filing
Modine (MOD) President Jeremy Patten Receives RSU Award
What Happened Jeremy Michael Patten, President, Perf. Technologies at Modine Manufacturing Co. (MOD), received an award of 583 restricted stock units (RSUs) on 2026-05-20. The RSUs were granted at $0.00 per unit (award/grant), so no cash was exchanged at grant. Each RSU represents a contingent right to receive one share of MOD common stock upon vesting.
Key Details
- Transaction date and price: 2026-05-20; Grant (A) of 583 RSUs at $0.00 per unit.
- Filing date: Form 4 filed 2026-05-22 (two days after the grant), which appears timely under standard Form 4 rules.
- Shares owned after transaction: Not specified in the filing.
- Footnote: RSUs vest 33% on 5/20/2027, 33% on 5/20/2028, and the remaining 34% on 5/20/2029. Each RSU converts to one share upon vesting.
- No indication of a 10b5-1 plan, immediate sale, tax-withholding disposition, or other special conditions in the filing.
Context RSU grants are compensation-related awards that vest over time and do not require the insider to buy shares; they are different from open-market purchases or sales and do not by themselves signal a trading decision. Market value will be realized only as RSUs vest and shares are delivered (or withheld for taxes if applicable).
Insider Transaction Report
- Award
Common stock
[F1]2026-05-20+583→ 3,377 total
Footnotes (1)
- [F1]This is an award of restricted stock units which will vest as follows: 33% on 5/20/2027, 33% on 5/20/2028 and the remaining 34% on 5/20/2029. Each restricted stock unit represents a contingent right to receive one share of MOD common stock.