Modine (MOD) President Laszlo Arthur Jr. Receives RSU Award

What Happened

• Laszlo Arthur Jr., President, Data Centers at Modine Manufacturing (MOD), received an award of 591 restricted stock units (RSUs) on 2026-05-20. The RSUs were granted at $0.00 (i.e., an award, not a purchase) and represent a contingent right to receive one share of MOD common stock per unit when vested. This is a compensation award rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-05-20; Filing date (Form 4): 2026-05-22 (Accession: 0002124340-26-000006) — appears timely.
• Transaction type/code: Award/Grant (A); Price reported: $0.00.
• Shares/units granted: 591 RSUs. Shares owned after transaction: not specified in the provided excerpt.
• Footnote: The award vests 33% on 5/20/2027, 33% on 5/20/2028 and 34% on 5/20/2029; each RSU converts to one share upon vesting.
• No indication in the provided data of tax withholding, a 10b5-1 plan, or immediate sale of shares.

Context

• RSUs are a common form of equity compensation; they do not convey share ownership until they vest. Awards signal company compensation decisions but are not direct market-buying activity by the insider.