AXL CEO awarded 575,758 performance stock units
Dauch Corp Chairman and CEO David C. Dauch received an award of 575,758 shares of common stock on a performance-based basis.
Rhea-AI Filing Summary
Dauch Corp Chairman and CEO David C. Dauch received an award of 575,758 shares of common stock on a performance-based basis. These represent restricted stock units (PSUs) granted at target performance, with the actual number earned tied to the company’s share price performance through March 31, 2029.
The PSUs can pay out up to 300% of the target amount if maximum performance is reached. They generally vest 50% at the end of the performance period and 50% one year later. After this award, Dauch beneficially owns 2,266,146 common shares directly and 1,913,326 common shares indirectly through family and UGMA trusts.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 575,758 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- F1. 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.
FAQ
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What did AXL Chairman and CEO David C. Dauch receive in this Form 4 filing?
How is the performance of the AXL PSUs granted to David C. Dauch measured?
What is the maximum payout for the AXL PSUs granted to David C. Dauch?
When do the AXL PSUs granted to David C. Dauch vest?
Are the AXL PSUs granted to David C. Dauch immediately paid in stock or cash?
AI-generated analysis. How Rhea-AI works. Not financial advice.