Form 4: Dana Inc. Executive Timothy R. Kraus Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Timothy R. Kraus, SVP & Chief Financial Officer of Dana Inc., reports transactions involving common stock and derivative securities, including the vesting of restricted stock units and dividend equivalent rights.
Summary
- On February 15, 2025, Timothy R. Kraus, SVP & Chief Financial Officer of Dana Inc., reported changes in his beneficial ownership of Dana Inc. securities.
- These changes include the vesting of 11,039 restricted stock units (RSUs) and 994 dividend equivalent rights, both settled in common stock.
- Kraus also had 5,247 shares of common stock withheld to cover his tax obligations at a price of $16.09 per share.
- Following these transactions, Kraus directly owns 98,531 shares of Dana Inc. common stock and 3,204 dividend equivalent rights.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports routine transactions related to executive compensation and tax obligations.
Industry Context
This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in company stock. It allows investors to monitor the actions of key executives and their alignment with shareholder interests.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they primarily reflect internal compensation adjustments and tax obligations of an executive.
Key Dates
| Date | Description |
|---|---|
| 02/15/2025 | Date of earliest transaction: vesting of RSUs and dividend equivalent rights, and stock withholding for taxes. |
| 02/20/2025 | Date of report filing. |
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