Modine Manufacturing (MOD) executive compensation, 2026 proxy

Neil D. Brinker, President and CEO, was paid $10.2M in fiscal 2026, down 20% from $12.7M the year before. The CEO-to-median-employee pay ratio was 256:1, on median employee pay of $39,704.

Filed
July 10, 2026
Annual meeting
August 20, 2026
Pay year
fiscal 2026
Named executives
5
CEO total pay
$10.2M-20% vs prior year
CEO to median employee
256:1median $39,704
CEO pay in equity
60%$6.1M in awards
CEO maximum PS value
$12,239,940May 2025 awards
McGinnis incremental value
$3,684,435Modified awards
CEO stock awards
$6,120,022Fiscal 2026
CEO incentive pay
$2,793,081MIP payments
Lucareli pension distribution
$172,475Paid as lump sum

How Brinker was paid

$10.2M in total for fiscal 2026, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.

Salary12%Stock awards60%Non-equity incentive27%All other compensation1%

Named executive officers

ExecutiveTotal
Neil D. BrinkerPresident and CEO$10,159,548
Michael B. LucareliEVP, CFO$3,379,716
Eric S. McGinnisPresident, Climate Solutions$6,026,675
Erin J. RothVice President, General Counsel and CCO$1,909,279
Jeremy M. PattenPresident, Performance Technologies$1,882,495

What changed and why

  • $10.2M$10,159,548 CEO total compensation fell from $12,706,532 in fiscal 2025.
  • $6.1M$6,120,022 of CEO compensation came from stock awards, alongside $2,793,081 in MIP payments.
  • Three-year PS awards were tied to financial goals ending March 31, 2028.
  • $3.7M$3,684,435 of incremental award value was provided to retiring executive Eric McGinnis through award modifications.
  • Eric McGinnis’s modified awards were scheduled to vest on his June 30, 2026 retirement date.
  • Jeremy Patten received Make-Whole Awards and a Special Transaction Equity Award in connection with the pending Gentherm transaction.

Other Modine Manufacturing proxy statements

  • 2025 proxy statement

    Neil D. Brinker paid $12.7M (+49% on the year), pay ratio 329:1.

    Filed Jul 09, 2025

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.