Dauch Corp (AXL) grants 90,909 performance share units to officer
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
Dauch Corp officer Markus Bannert reported acquiring 90,909 shares of common stock in the form of performance-based restricted stock units (PSUs). This award increased his directly owned stake to 236,917 shares.
The PSUs are granted at a target level, with the actual number earned depending on the highest average price of Dauch Corp’s common stock over any 20‑day trading period during a performance period that ends on March 31, 2029. The award is capped at 300% of the target number of PSUs. Any PSUs ultimately earned will generally vest 50% at the end of the performance period and the remaining 50% on the first anniversary of that date, tying Bannert’s compensation to the company’s longer-term share price performance.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Bannert Markus
Role
President - Metal Forming
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 90,909 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 236,917 shares (Direct)
Footnotes (1)
- These shares represent a grant of performance-based restricted stock units (PSUs) at target level performance. The actual number of PSUs that will be achieved is based on the highest average price of the Company's common stock achieved over any 20-day trading period during the measurement period ending March 31, 2029 ("Performance Period"). The number of PSUs earned by the reporting person will not exceed 300% of target. The PSUs will generally vest 50% at the end of the Performance Period and 50% on the one-year anniversary thereof. As indicated on the filer's Form 4 originally filed on February 9, 2026, the total number of shares beneficially owned had yet to be determined at the time of filing due to administrative processing. This amount has been determined and is reflected by this amendment thereto.
FAQ
What insider transaction did Dauch Corp (AXL) report on this Form 4/A?
Dauch Corp reported that officer Markus Bannert acquired 90,909 shares of common stock through a grant of performance-based restricted stock units. These units represent equity compensation rather than an open-market purchase, increasing his directly owned stake to 236,917 shares.
How are Markus Bannert’s Dauch Corp (AXL) PSUs performance-based?
The PSUs are tied to the highest average Dauch Corp common stock price over any 20‑day trading period within a performance period ending March 31, 2029. The actual number of PSUs earned will vary based on this share-price performance outcome.
What is the maximum number of Dauch Corp (AXL) PSUs Markus Bannert can earn?
The filing states that the number of PSUs earned by Markus Bannert will not exceed 300% of the target level. This means his ultimate equity compensation from this grant can be up to three times the initial 90,909 target units, depending on share-price performance.
When do Markus Bannert’s Dauch Corp (AXL) PSUs vest?
Any PSUs that are ultimately earned will generally vest in two stages: 50% at the end of the performance period ending March 31, 2029, and the remaining 50% on the one‑year anniversary of that date, extending alignment with long-term performance.
Why was this Dauch Corp (AXL) Form 4 amended?
The amendment clarifies the total number of shares beneficially owned by Markus Bannert. The original filing noted that this figure was still being determined administratively; the amended Form 4 now provides the finalized total of 236,917 shares owned following the PSU grant.