Miller Scott Arlan 4
4 · MODINE MANUFACTURING CO · Filed Jun 2, 2020
Insider Transaction Report
Form 4
Miller Scott Arlan
VP, Building HVAC
Transactions
- Tax Payment
Common stock
2020-06-01$5.34/sh−396$2,115→ 51,534 total - Tax Payment
Common stock
2020-05-29$5.35/sh−869$4,649→ 46,524 total - Tax Payment
Common stock
2020-05-30$5.35/sh−623$3,333→ 52,314 total - Award
Common stock
2020-05-30+6,413→ 52,937 total - Tax Payment
Common stock
2020-05-31$5.35/sh−384$2,054→ 51,930 total
Footnotes (2)
- [F1]Shares disposed of in a private transaction to cover tax withholding.
- [F2]The performance period for Performance Stock under the long-term incentive compensation plan initiated in June 2017 terminated in calendar 2020. 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: Three-Year Average ROACE ("ROACE") and Annual Revenue Growth. The Company's ROACE for the performance period was 8.2% and Annual Revenue Growth was 11.5%, both of which exceeded the Threshold level for those performance measures. As a result, in accordance with the long-term incentive compensation plan, the Company issued shares of unrestricted stock at approximately 126% of the Target.