secwatch.observer — SEC 8-K summary
======================================

Issuer:     MODINE MANUFACTURING CO (MOD)
CIK:        0000067347
Form:       8-K
Filed at:   2022-10-21T23:59:59+00:00
Accession:  0001140361-22-038071
Event type: other_material
Sentiment:  neutral
Materiality: 0.45
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/67347/000114036122038071/0001140361-22-038071-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/67347/000114036122038071/brhc10043161_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-22-038071

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer