Dauch Corporation Announces Employee Inducement Award Under NYSE Rule 303A.08

The performance award allows up to 272,727 shares to be earned, subject to stock-price hurdles and continued employment.

Rhea-AI Summary

Dauch (DCH) granted equity inducement awards to Nathan Iles effective November 2, 2026, in connection with his appointment as Senior Vice President of Finance.

The grant includes performance stock units targeting 90,909 shares, with up to 272,727 shares earnable, and time-based restricted stock units covering 107,759 shares. The time-based award vests on the grant's first anniversary, subject to continued employment. Performance awards depend on continued employment and stock-price hurdles measured through March 31, 2029; earned shares vest equally on March 31, 2029, and March 31, 2030. The board's Compensation Committee approved the grant under the 2026 Inducement Omnibus Incentive Plan pursuant to NYSE Rule 303A.08.

Positive

• None.

Negative

• Minor point. Forward-looking: it has not happened yet and may not happen.Performance stock units create potential dilution: 90,909 target shares, with up to 272,727 shares earnable.
• Minor point. Forward-looking: it has not happened yet and may not happen.Time-based restricted stock units cover 107,759 shares, adding potential dilution subject to continued employment.

News Explained

The granted performance award pays in steps: an average closing price of at least $12.00 for 20 consecutive trading days earns 100% of the 90,909-share target; each $1.00 higher hurdle adds 20%, up to 300% (272,727 shares).

Key Figures

Target performance award: 90,909 shares Maximum performance award: 272,727 shares Restricted stock units: 107,759 shares +5 more

Target performance award

90,909 shares

Performance Breakout Award target

Maximum performance award

272,727 shares

Maximum shares that may be earned

Restricted stock units

107,759 shares

Vest on the grant's first anniversary, subject to continued employment

Stock price hurdle

$12.00 for 20 consecutive trading days

Average closing-price condition for earning 100% of the target award

Incremental award terms

$1.00 hurdle and 20% payout increments

Increases apply incrementally to the performance award

Maximum stock price hurdle

$22.00

Maximum hurdle for the Performance Breakout Award

Maximum payout

300%

Maximum payout percentage for the Performance Breakout Award

Performance award vesting schedule

50% on March 31, 2029; remaining 50% on March 31, 2030

Earned award vesting, subject to continued employment

Historical Context

1 past event · Latest: Oct 12

1 event

1. Oct 12

   leadership succession

   24h Move

   -4.9%

   Announced Iles's November 2 finance appointment ahead of his planned December 1 CFO transition.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

performance stock units, restricted stock units

2 terms

performance stock units financial

"performance stock units covering a target of 90,909 shares"

Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.

restricted stock units financial

"time-based restricted stock units covering 107,759 shares"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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DETROIT, Nov. 3, 2026 /PRNewswire/ -- Dauch Corporation ("Dauch"), (NYSE: DCH; LSE: DCH) today announced effective November 2, 2026, in connection with his appointment as Senior Vice President of Finance of Dauch, Nathan Iles was granted the following equity awards (collectively, the "Inducement Grant"): (i) an award of performance stock units covering a target of 90,909 shares of Dauch's common stock (for which up to 272,727 shares may be earned) (the "Performance Breakout Award"), and (ii) an award of time-based restricted stock units covering 107,759 shares of Dauch's common stock, which will vest upon the first anniversary of the grant date, subject to his continued employment with Dauch.

The Performance Breakout Award will vest based on continued employment and the highest stock price hurdle achieved during the measurement period beginning on November 2, 2026, and ending March 31, 2029 (the "Performance Period"). If, at any time during the Performance Period, the average closing price per share of Dauch's common stock is at or above $12.00 for 20 consecutive trading days (the "Stock Price Hurdle"), 100% of the target award, or 90,909 shares of Dauch's common stock, will be earned. The Stock Price Hurdle and the payout percentage increase incrementally by $1.00 and 20%, respectively, up to a maximum Stock Price Hurdle of $22.00 and a corresponding maximum payout percentage of 300%, or 272,727 shares of Dauch's common stock. Subject to Mr. Iles' continued employment with Dauch, 50% of the earned Performance Breakout Award will vest on March 31, 2029, and the remaining 50% of the earned Performance Breakout Award will vest on March 31, 2030. The Inducement Grant was approved by the Compensation Committee of Dauch's Board of Directors and granted under the Dauch Corporation 2026 Inducement Omnibus Incentive Plan as an employment inducement award pursuant to New York Stock Exchange Rule 303A.08.

About Dauch
Dauch Corporation is a premier Driveline and Metal Forming supplier serving the global automotive industry with a powertrain-agnostic product portfolio that supports electric, hybrid, and internal combustion vehicles. The company is headquartered in Detroit, MI, with operations that span 24 countries and more than 175 locations. Visit www.dauch.com to learn more.

Contacts:
David H. Lim, Head of Investor Relations
+1 (313) 758-2006
David.lim@dauch.com

Christopher M. Son, Vice President, Marketing & Communications
+1 (313) 758-4814
Chris.son@dauch.com

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SOURCE Dauch Corporation

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What equity awards did Dauch grant Nathan Iles?

Iles received performance stock units targeting 90,909 shares, with up to 272,727 shares earnable, plus time-based restricted stock units covering 107,759 shares. The grant was effective November 2, 2026, in connection with his appointment as Senior Vice President of Finance.

What stock-price targets determine Dauch's performance award for Nathan Iles?

An average closing share price at or above $12.00 for 20 consecutive trading days earns 100% of the target award, or 90,909 shares. The hurdle increases in $1.00 increments and the payout in 20% increments, reaching $22.00 and 300%, or 272,727 shares. The measurement period runs from November 2, 2026, through March 31, 2029.