Form 4: American Axle & Manufacturing Holdings Inc. Director Reports Changes in Beneficial Ownership
SEC Form 4 Filing
David C. Dauch, Chairman & CEO of American Axle & Manufacturing Holdings Inc., reports changes in his beneficial ownership of company stock due to transactions on March 1, 2024.
Summary
- On March 1, 2024, David C. Dauch, Chairman & CEO of American Axle & Manufacturing Holdings Inc., reported changes in his beneficial ownership of the company's common stock.
- These changes involve the acquisition of 260,748 shares at $0 and the disposal of 116,816 shares at $6.87 and 136,626 shares at $6.87.
- Following these transactions, Dauch directly owns 1,027,072 shares and indirectly owns 1,598,528 shares through family/UGMA trusts.
- 623,726 shares previously held directly were contributed to the insider's personal trust in 2023 and are now held indirectly.
Sentiment
Score: 5
Explanation: This is a neutral filing, simply reporting transactions. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities and holdings in the company.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the trading activities of a key executive.
- It can influence investor sentiment depending on the nature and volume of the transactions.
Key Dates
| Date | Description |
|---|---|
| 2023/08/03 | Date of Power of Attorney |
| 2023 | 623,726 shares were contributed to the insider's personal trust |
| 2024/03/01 | Date of stock transactions (acquisition and disposal) |
| 2024/03/04 | Date of signature on the report |
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