Modine Announces Retirement Compensation Agreement for Climate Solutions President

Reuters12-10

Modine Announces Retirement Compensation Agreement for Climate Solutions President

Modine Manufacturing Company has entered into a Retirement Letter Agreement with Eric S. McGinnis, President - Climate Solutions, in connection with his planned retirement effective June 30, 2026. During the transition period, Mr. McGinnis will continue to receive his regular base pay, benefits, and accrue vacation, which will be paid out in a lump sum after retirement. The agreement also provides for the continued and accelerated vesting of outstanding equity awards, including full vesting of unvested restricted stock units from the fiscal 2025 and 2026 LTIP programs on the retirement date, and potential pro rata payouts under certain performance stock awards, contingent on continued employment through the retirement date and the execution of a release of claims. Mr. McGinnis will not be eligible for new long-term or management incentive plan awards for fiscal year 2027.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Modine Manufacturing Company published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-25-119558), on December 09, 2025, and is solely responsible for the information contained therein.

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McGinnis, President - Climate Solutions, in connection with his planned retirement effective June 30, 2026. During the transition period, Mr. McGinnis will continue to receive his regular base pay, benefits, and accrue vacation, which will be paid out in a lump sum after retirement. The agreement also provides for the continued and accelerated vesting of outstanding equity awards, including full vesting of unvested restricted stock units from the fiscal 2025 and 2026 LTIP programs on the retirement date, and potential pro rata payouts under certain performance stock awards, contingent on continued employment through the retirement date and the execution of a release of claims. Mr. McGinnis will not be eligible for new long-term or management incentive plan awards for fiscal year 2027.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. 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