Dauch Corp (DCH) president receives 128,509-share restricted stock grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Dauch Corp reported that President Driveline Michael Joseph Lynch acquired 128,509 shares of common stock through a grant of restricted stock units. These RSUs will vest and settle in common stock on the third anniversary of the grant date. After this award, he directly holds 947,398 common shares, and an additional 1,000 shares are held indirectly through a spouse's trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Lynch Michael Joseph
Role
President Driveline
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 128,509 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 947,398 shares (Direct);
Common Stock — 1,000 shares (Indirect, Spouse's Trust)
Footnotes (1)
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FAQ
What did Dauch Corp insider Michael Joseph Lynch receive in this Form 4 filing?
Michael Joseph Lynch received a grant of 128,509 restricted stock units that will settle in common stock. This award increases his reported direct holdings to 947,398 Dauch Corp common shares, according to the Form 4 disclosure.
How do the 128,509 RSUs reported for Dauch Corp vest and settle?
The 128,509 restricted stock units vest and settle in Dauch Corp common stock on the third anniversary of the grant date. This means actual shares are delivered only after the three-year vesting period is completed.
What is Michael Joseph Lynch’s total direct ownership after this Dauch Corp grant?
After the restricted stock unit grant, Michael Joseph Lynch is reported to directly own 947,398 Dauch Corp common shares. This figure reflects his holdings following the award recorded on the Form 4 filing for the stated transaction date.
Was the Dauch Corp Form 4 transaction a market purchase or a grant?
The Form 4 transaction is a grant or award acquisition, not a market purchase. The filing describes 128,509 restricted stock units awarded to Michael Joseph Lynch, with a transaction price per share of 0.0000, indicating a compensatory grant.
What role does Michael Joseph Lynch hold at Dauch Corp in this Form 4?
Michael Joseph Lynch is identified as an officer with the title "President Driveline" at Dauch Corp. His position is disclosed alongside the equity award, clarifying that the 128,509 restricted stock units are tied to his executive role.