Mahan Michael Bernard, the President of Data Centers at Modine Manufacturing Co, recently acquired 328 shares of common stock in a transaction that underscores his commitment to the company. This acquisition was made through a restricted stock unit award, which is part of his compensation package. The transaction took place on November 2, 2026, and was reported on November 4, 2026.

Background

Modine Manufacturing Co, known for its role in the motor vehicle parts and accessories sector, is headquartered in Racine, Wisconsin. The company is publicly traded under the ticker symbol MOD. It focuses on manufacturing products that enhance vehicle performance and efficiency, contributing to the automotive industry's evolution.

What the Filing Says

According to the SEC filing, Bernard's acquisition of shares was part of a restricted stock unit award that will vest over the next few years. The filing states, "This is an award of restricted stock units which will vest as follows: 33% on 11/2/2027, 33% on 11/2/2028 and the remaining 34% on 11/2/2029." Following this transaction, Bernard now holds a total of 1,243 shares of Modine common stock.

Impact

This acquisition may have implications for Modine Manufacturing's stakeholders, including shareholders and employees. By increasing his ownership stake, Bernard signals confidence in the company's future, which could positively influence employee morale and investor sentiment.

What's Next

The filing does not say what happens next.