Dauch Corp grants 287,879 PSUs to president
Dauch Corp reported that President Driveline Michael Joseph Lynch received an award of 287,879 shares of common stock on February 2, 2026, at no purchase price, in the form of performance-based restricted stock units (PSUs) at target level performance.
Rhea-AI Filing Summary
Dauch Corp reported that President Driveline Michael Joseph Lynch received an award of 287,879 shares of common stock on February 2, 2026, at no purchase price, in the form of performance-based restricted stock units (PSUs) at target level performance.
The number of PSUs ultimately earned will depend on the highest average price of Dauch Corp's common stock over any 20‑day trading period during a performance 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.
After this grant, Lynch beneficially owns 818,889 shares of common stock directly and an additional 1,000 shares indirectly through a spouse's trust.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 287,879 | $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 equity award did Dauch Corp (AXL) grant to President Driveline Michael Lynch?
How is the performance for Michael Lynch’s PSUs at Dauch Corp (AXL) measured?
What is the maximum number of PSUs Michael Lynch can earn from his Dauch Corp (AXL) grant?
When do Michael Lynch’s performance-based PSUs at Dauch Corp (AXL) vest?
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