Modine grants retention RSUs to named executives tied to 80/20 transformation goals

MODINE MANUFACTURING CO

Each of four named officers (Agen, Lucareli, McGinnis, Stein) receives RSU award valued at 50% of base salary.
Vesting requires continuous employment through Oct 19, 2023 and achievement of 80/20 transformation performance conditions.
Performance conditions: initiate 80/20 analysis, complete sub-segmentation, and initiate org changes in all market verticals.
If employment terminated or performance conditions unmet, all RSUs forfeited.
Awards under Modine 2020 Plan; no dividend equivalents during holding period.

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