Michael B. Lucareli - Feb 29, 2024 Form 4 Insider Report for MODINE MANUFACTURING CO (MOD)

Role
EVP, CFO
Signature
/s/ Erin J. Roth, Attorney in Fact
Stock symbol
MOD
Transactions as of
Feb 29, 2024
Transactions value $
-$6,660,230
Form type
4
Date filed
3/4/2024, 12:57 PM
Previous filing
Dec 15, 2023
Next filing
May 20, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MOD Common stock Options Exercise $284K +17.8K +9.17% $15.90 212K Feb 29, 2024 Direct F1
transaction MOD Common stock Options Exercise $102K +5.69K +2.68% $17.90 218K Feb 29, 2024 Direct F1
transaction MOD Common stock Options Exercise $389K +58.8K +26.95% $6.62 277K Feb 29, 2024 Direct F1
transaction MOD Common stock Sale -$6.57M -72.9K -26.31% $90.19 204K Feb 29, 2024 Direct F1, F2
transaction MOD Common stock Sale -$864K -9.46K -4.64% $91.34 195K Feb 29, 2024 Direct F1, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction MOD Employee stock option (Right to buy) Options Exercise $0 +17.8K $0.00* 0 Feb 29, 2024 Common stock 17.8K $15.90 Direct F4
transaction MOD Employee stock option (Right to buy) Options Exercise $0 +5.69K $0.00* 0 Feb 29, 2024 Common stock 5.69K $17.90 Direct F5
transaction MOD Employee stock option (Right to buy) Options Exercise $0 +58.8K $0.00 19.6K Feb 29, 2024 Common stock 78.4K $6.62 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This total includes 971 units of Modine common stock held in the Reporting Person's Modine 401(k) Retirement Plan account.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $90.00 to $90.99, inclusive. The reporting person undertakes to provide to Modine Manufacturing Company, any security holder of Modine Manufacturing Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (2) and (3) to this Form 4.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $91.00 to $91.77, inclusive.
F4 This option vested in four equal installments on June 1, 2018, 2019, 2020, and 2021.
F5 This option vested in four equal installments on May 30, 2019, 2020, 2021, and 2022.
F6 This option vests in four equal installments on October 2, 2021, 2022, 2023, and 2024.