Form 4: Dana Inc. Executive Liedberg Reports Stock Transactions Following Performance Share Vesting

Douglas H. Liedberg, SVP, General Counsel and Secretary of Dana Inc., reports acquisition and disposal of common stock related to vesting of performance shares and tax obligations.

Summary

• On February 11, 2025, Douglas H. Liedberg, SVP, General Counsel and Secretary of Dana Inc., acquired 17,312 shares of common stock at $16.10 per share due to the vesting of performance shares.
• On the same day, Liedberg disposed of 7,996 shares at $16.10 per share to satisfy tax obligations related to the vesting.
• Following these transactions, Liedberg directly owns 120,485 shares of Dana Inc. common stock.
• Additionally, Liedberg was granted 40,814 restricted stock units (RSUs) that vest in three equal annual installments beginning February 11, 2026.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The filing reflects routine transactions related to executive compensation. There is no indication of unusual or concerning activity.

Positives

• The vesting of performance shares suggests that performance targets were met, which could be viewed positively.

Future Outlook

The executive will receive additional shares as the restricted stock units vest annually over the next three years, starting in 2026.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors for signals about management's confidence in the company's prospects.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they are part of standard executive compensation practices.
• Shareholders may view the vesting of performance shares as a positive sign, indicating that the company is meeting its performance goals.

Key Dates