Form 4: Dana Inc. CFO Timothy Kraus Reports Stock Transactions

Timothy Kraus, SVP & Chief Financial Officer of Dana Inc., reports acquisition and disposal of common stock and grant of restricted stock units.

Summary

• On February 11, 2025, Timothy R. Kraus, the SVP & Chief Financial Officer of Dana Inc., reported transactions involving Dana Inc. common stock.
• Kraus acquired 22,679 shares of common stock at $16.10 per share due to the vesting of performance shares.
• He also disposed of 10,131 shares at $16.10 per share to satisfy tax obligations related to the vesting of performance shares.
• Following these transactions, Kraus directly owns 63,097 shares of Dana Inc. common stock.
• Additionally, Kraus was granted 79,608 restricted stock units (RSUs) under the Dana Incorporated 2021 Omnibus Incentive Plan, vesting in three equal annual installments starting February 11, 2026.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The vesting of performance shares suggests the company is meeting its targets, and the grant of RSUs aligns management with shareholder interests. The disposal of shares for tax obligations is a normal occurrence.

Positives

• The vesting of performance shares indicates that performance targets were likely met, which is a positive signal.
• The grant of restricted stock units aligns management's interests with those of shareholders.

Negatives

• The disposal of shares to cover tax obligations, while common, slightly reduces Kraus's direct stake in the company.

Future Outlook

The restricted stock units vest in three equal annual installments beginning on February 11, 2026, suggesting continued alignment of management with shareholder interests over the next three years.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. The vesting of performance shares and grant of RSUs are common compensation practices.

Comparison to Industry Standards

• Equity compensation, including restricted stock units and performance shares, is a standard practice among publicly traded companies to align executive incentives with shareholder value.
• Companies like BorgWarner and American Axle & Manufacturing also utilize similar equity-based compensation plans for their executives.
• The vesting schedules and terms of these grants are generally comparable across the automotive supplier industry.

Stakeholder Impact

• Shareholders may view the vesting of performance shares positively, as it indicates the achievement of performance goals.
• Employees may be motivated by the equity-based compensation structure for executives.

Key Dates