Neil D. Brinker, born on November 1, 1975, is the President and CEO of Modine Manufacturing since December 1, 2020. Before joining Modine, Brinker had a strong background in management, serving as President and COO of Advanced Energy Industries, where...

Neil D. Brinker, born on November 1, 1975, is the President and CEO of Modine Manufacturing since December 1, 2020. Before joining Modine, Brinker had a strong background in management, serving as President and COO of Advanced Energy Industries, where he led various global operations. His leadership experience also includes roles at IDEX Corporation, which involved overseeing sales and business development. He has been recognized for his strategic insights, particularly in mergers and acquisitions, which are crucial for company growth. Under his guidance, Modine has focused on aligning executive pay with company performance, ensuring that stakeholders see benefits from the leadership decisions. In 2023, Brinker was compensated a total of $4.8 million, significantly up from $2 million in 2022, highlighting the effective performance metrics used in evaluating executive compensation. Aside from that, he's delved into the company’s equity landscape, with a significant portion of his worth tied to company stocks. This has created an environment where Brinker is incentivized to drive Modine's success as he also has a vested interest in the company’s shares.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Modine Manufacturing CEOs

M

Neil D. Brinker

CEO of Modine Manufacturing

Education

N/A

Field of Expertise

Business & Management

Sector of Economy

Consumer Cyclical

Born

November 1, 1975 - 49 years ago

CEO of Modine Manufacturing for

4 years 4 months (Dec 2020 - Present)

Previous Experience

President and Chief Operating Officer at Advanced Energy Industries, Inc.; Group President at IDEX Corporation.

Rivals

Competitors/colleagues of Neil D. Brinker

E

Craig Arnold

CEO of Eaton Corporation

2023 Compensation

Stock

$18.84M

Salary

$1.44M

Bonus

$0.00

Other

$234.61K

Total Holdings

$23.28M

n

Beth A. Wozniak

CEO of nVent Electric plc

2023 Compensation

Stock

$8.77M

Salary

$1.01M

Bonus

$0.00

Other

$827.83K

Total Holdings

$39.29M

Holdings

See how much did Neil D. Brinker make over time.

Neil D. Brinker has shown a considerable focus on his equity holdings at Modine Manufacturing. His accumulation of shares has seen notable fluctuations, especially between the years he moved into a leadership role. Initially, following his appointment in December 2020,...

Neil D. Brinker has shown a considerable focus on his equity holdings at Modine Manufacturing. His accumulation of shares has seen notable fluctuations, especially between the years he moved into a leadership role. Initially, following his appointment in December 2020, Brinker held significant stock options, which vested gradually. As of 2023, his holdings were valued at approximately $9.9 million, indicating a strong belief in the company’s prospects. His vested stock awards have increased in value over time, reflecting ongoing growth in Modine's stock price. At one point, his wealth was heavily concentrated in these holdings, aligning his interests with those of the shareholders, which is vital for any CEO. This strategy shows a commitment not just to his role but also to the overall success of Modine, as his financial well-being is tied to the company’s performance.

Insider Trading

See recent insider trades of Neil D. Brinker.

MOD

9,974 shares

MOD

May 16, 2024

Received

MOD

9,222 shares

MOD

May 16, 2024

Received

MOD

26,933 shares

MOD

May 31, 2023

Received

MOD

76,954 shares

MOD

Jun 6, 2022

Received

MOD

41,069 shares

MOD

Jun 4, 2021

Received

MOD

186,794 shares

MOD

Dec 1, 2020

Received

AEIS

2,209 shares

AEIS

May 20, 2020

Received

AEIS

7,954 shares

AEIS

Mar 3, 2020

Received

AEIS

9,922 shares

AEIS

Feb 22, 2019

Received

AEIS

$451.48K

AEIS at $59.95/share

Jul 17, 2018

Received

Compensation History

See how much did Neil D. Brinker make over time.

In 2023, Neil D. Brinker earned a compensation package totaling approximately $4.8 million, a significant increase from $2 million in 2022. This total includes a base salary of $882,750, with the remainder coming from stock options and other benefits. Notably, there were no bonuses awarded for both 2022 and 2023, underlining a focus on long-term performance incentives instead. Brinker is part of an executive compensation plan that ties his earnings to measurable metrics like Adjusted EBITDA Margin and Adjusted EBITDA Growth. This structure not only rewards him for achieving company goals but also ensures that he is accountable for the company’s financial health, which benefits shareholders. As he leads Modine into future challenges, his compensation reflects a balanced approach toward risk and reward, crucial for fostering a thriving corporate environment.

Year

2023

Total Compensation

$1.87M

Salary

$882.75K

Board Justification

The compensation philosophy aims to align executive compensation with company performance and shareholder interests, ensuring competitive pay while rewarding performance.

Bonus

$0.00

Board Justification

No bonus was awarded for fiscal year 2023.

Other

$42.02K

Board Justification

Other compensation includes contributions to retirement plans and insurance premiums.

Restricted Stock

$945.00K(0 RSU)

Board Justification

No stock awards vested in 2023.

Performance Metrics

The performance metrics for determining compensation included Adjusted EBITDA Margin and Adjusted EBITDA Growth.

Other Modine Manufacturing CEOs

Here are other CEOs of Modine Manufacturing

David B. Rayburn

Ex-CEO of Modine Manufacturing

April 2008 - March 2008