Form 4: Dana Inc. Chairman & CEO R. Bruce McDonald Reports Stock Transactions
SEC Form 4 Filing
R. Bruce McDonald, Chairman & CEO of Dana Inc., reports the vesting and subsequent withholding of shares for tax obligations related to restricted stock units.
Summary
- On February 14, 2025, R. Bruce McDonald, Chairman & CEO of Dana Inc., reported transactions involving Dana Inc. common stock.
- These transactions included the vesting of 12,359 restricted stock units and 425 dividend equivalent rights, both convertible to common stock.
- 5,575 shares were withheld to cover the reporting person's tax obligations at a price of $16.09 per share.
- Following these transactions, McDonald directly owns 74,779 shares of Dana Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they relate to executive compensation and do not significantly alter the company's financial position.
Key Dates
| Date | Description |
|---|---|
| 02/14/2025 | Date of the reported transactions (vesting of restricted stock units and dividend equivalent rights, and withholding of shares for tax obligations). |
| 02/19/2025 | Date of the Form 4 filing. |
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