Dauch Corp grants 90,909 performance stock units
Dauch Corp reported a new equity award for executive Markus Bannert, President - Metal Forming.
Rhea-AI Filing Summary
Dauch Corp reported a new equity award for executive Markus Bannert, President - Metal Forming. On 02/05/2026 he received 90,909 shares of common stock for $0, representing a grant of performance-based restricted stock units (PSUs) at target level performance.
The actual number of PSUs earned will depend on the highest average share price over any 20-day trading period during a performance period ending March 31, 2029, and cannot exceed 300% of target. The PSUs are scheduled to vest 50% at the end of the performance period and 50% one year later. The company notes that Bannert’s total beneficial ownership will be finalized and reported in an amended filing.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 90,909 | $0.00 | $0.00 |
Footnotes (2)
- 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.
- F2. The total number of shares beneficially owned is yet to be determined. The actual amount will be reported in an amended filing.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Dauch Corp (AXL) disclose for Markus Bannert?
How many performance-based stock units did AXL grant to Markus Bannert and at what price?
What are the performance conditions for Markus Bannert’s AXL PSU grant?
How do the AXL performance stock units granted to Markus Bannert vest?
Why is Markus Bannert’s total beneficial ownership in AXL not finalized yet?
What period determines the final payout of AXL PSUs granted to Markus Bannert?
AI-generated analysis. How Rhea-AI works. Not financial advice.