| Type | Sym | Class | Transaction | Value $ | Shares | Change % | Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | MOD | Common stock | Award | $0 | +4.14K | +9.24% | $0.00 | 49K | May 28, 2021 | Direct | F1, F2 |
| transaction | MOD | Common stock | Tax liability | -$14.8K | -844 | -1.72% | $17.59 | 48.1K | May 29, 2021 | Direct | F2, F3 |
| transaction | MOD | Common stock | Tax liability | -$9.66K | -549 | -1.14% | $17.59 | 47.6K | May 30, 2021 | Direct | F2, F3 |
| transaction | MOD | Common stock | Tax liability | -$1.83K | -101 | -0.21% | $18.13 | 47.5K | Jun 1, 2021 | Direct | F2, F3 |
| Id | Content |
|---|---|
| F1 | The performance period for Performance Stock under the long-term incentive compensation plan initiated in May 2018 terminated in calendar 2021. 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: Cash Flow Return on Invested Capital (CFROIC) and Average Annual Revenue Growth. The Company's CFROIC for the performance period was 11.1% which exceeded the Target level for that performance measure. As a result, in accordance with the long-term incentive compensation plan, the Company issued shares of unrestricted stock at approximately 59% of the Target. |
| F2 | This total includes 1335 units of Modine common stock held in the Reporting Person's Modine 401(k) Retirement Plan account which reflects an involuntary administrative adjustment. |
| F3 | Shares disposed of in a private transaction to cover tax withholding. |