[Form 4] AMERICAN AXLE & MANUFACTURING HOLDINGS INC Insider Trading Activity
Dauch Corp reported that its EVP & CFO, Christopher John May, received an award of 287,879 shares of common stock on a performance-based basis.
Rhea-AI Filing Summary
Dauch Corp reported that its EVP & CFO, Christopher John May, received an award of 287,879 shares of common stock on a performance-based basis. These shares represent performance-based restricted stock units (PSUs) at target level.
The actual PSUs earned will depend on the highest average price of Dauch Corp’s stock over any 20-day trading period during a measurement period ending March 31, 2029, and cannot exceed 300% of target. The PSUs generally vest 50% at the end of this performance period and 50% one year later. Following this grant, May beneficially owns 1,014,968 shares of Dauch Corp common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 287,879 | $0.00 | $0.00 |
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 insider transaction did Dauch Corp (AXL) report in this Form 4?
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How is the Dauch Corp (AXL) PSU award to the CFO structured?
When do the Dauch Corp (AXL) PSUs granted to the CFO vest?
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