Modine Manufacturing (MOD) executive compensation, 2025 proxy

Neil D. Brinker, President and CEO, was paid $12.7M in 2025, up 49% from $8.5M the year before. The CEO-to-median-employee pay ratio was 329:1, on median employee pay of $38,709.

Filed
July 9, 2025
Annual meeting
August 21, 2025
Pay year
2025
Named executives
6
CEO total pay
$12.7M+49% vs prior year
CEO to median employee
329:1median $38,709
CEO pay in equity
41%$5.2M in awards
CEO salary
$1,123,077
CEO stock awards
$5,175,010
CEO incentive pay
$6,351,989
Peace severance
$885,139Included in all other compensation
CEO PS maximum
$10,350,020Fiscal 2025 performance awards

How Brinker was paid

$12.7M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.

Salary9%Stock awards41%Non-equity incentive50%All other compensation0%

Named executive officers

ExecutiveTotal
Neil D. BrinkerPresident and CEO$12,706,532
Michael B. LucareliEVP, CFO$5,208,453
Eric S. McGinnisPresident, Climate Solutions$3,422,156
Adrian I. PeacePresident, Performance Technologies$4,720,876
Erin J. RothVice President, General Counsel and CCO$2,441,526
Brian J. AgenVP, Chief Human Resources Officer$2,682,904

What changed and why

  • $12.7M$12,706,532 CEO total compensation in 2025, up from $8,505,827 in 2024.
  • $5.2M$5,175,010 CEO stock awards and $6,351,989 non-equity incentive compensation comprised most of 2025 CEO pay.
  • $3.9M$3,921,989 CEO 2025 MIP payment and $2,430,000 earned performance cash award were included in non-equity incentives.
  • $5.1M$5,136,179 incremental fair value was recorded for Adrian Peace’s modified awards after his role ended.
  • $885K$885,139 of Adrian Peace’s all other compensation represented severance under his separation arrangements.
  • No stock options were awarded under the fiscal 2025 LTIP, although Peace received incremental value for modified options.

Other Modine Manufacturing proxy statements

  • 2026 proxy statement

    Neil D. Brinker paid $10.2M (-20% on the year), pay ratio 256:1.

    Filed Jul 10, 2026

About this page

Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.