Patten Jeremy Michael 4
4 · MODINE MANUFACTURING CO · Filed Mar 26, 2026
Research Summary
AI-generated summary of this filing
Modine (MOD) President Jeremy Patten Receives 1,094 RSU Award
What Happened
- Jeremy Michael Patten, President, Performance Technologies at Modine Manufacturing (MOD), received an award of 1,094 restricted stock units (RSUs) on 2026-03-24. The RSUs were granted at $0.00 (i.e., no cash purchase); each RSU is a contingent right to one share of MOD common stock. The grant’s economic value will be realized only if and when the RSUs vest and convert to shares.
Key Details
- Transaction date: 2026-03-24; Form 4 filed: 2026-03-26 (within the typical Form 4 reporting window).
- Grant: 1,094 RSUs at $0.00; reported acquisition type: A (award).
- Shares owned after transaction: not specified in the filing.
- Footnote: RSUs vest the earlier of (i) March 24, 2027 or (ii) 12:01 am ET on the “Record Date” as defined in the Separation Agreement dated Jan 29, 2026 (between Modine, Gentherm Inc., and Platinum SpinCo Inc.). Each RSU converts to one share upon vesting.
Context
- RSU grants are compensation/retention awards, not open-market purchases or sales; they do not reflect an immediate cash investment or sale by the insider. The award’s value depends on future vesting and Modine’s stock price at conversion.
Insider Transaction Report
Form 4
Patten Jeremy Michael
President, Perf. Technologies
Transactions
- Award
Common stock
[F1]2026-03-24+1,094→ 2,794 total
Footnotes (1)
- [F1]This is an award of restricted stock units which will vest the earlier of (i) March 24, 2027 and (ii) 12:01 am Eastern Time on the "Record Date" (as defined in the Separation Agreement, dated as of January 29, 2026, by and among Modine Manufacturing Company (the "Company"), Gentherm Incorporated, and Platinum SpinCo Inc., a wholly owned subsidiary of the Company). Each restricted stock unit represents a contingent right to receive one share of MOD common stock.
Signature
/s/ Erin J. Roth, Attorney-in-Fact|2026-03-26