Dana (DAN) CFO Kraus exercises stock units, withholds shares to cover taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Dana Inc. SVP & Chief Financial Officer Timothy R. Kraus reported equity award activity on February 13, 2026. He exercised 29,954 restricted stock units and 1,734 dividend equivalent rights into common stock at an exercise price of $0.0000 per share.
To satisfy his tax obligation, 13,816 common shares were withheld at a price of $33.16 per share. After these transactions, he directly owned 184,396 shares of common stock, along with 8,354 dividend equivalent rights and 29,954 restricted stock units tied to Dana common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
31,688 shares exercised/converted
Mixed
5 txns
Insider
Kraus Timothy R
Role
SVP & Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Dividend Equivalent Rights | 1,734 | $0.00 | -- |
| Exercise | Restricted Stock Units | 29,954 | $0.00 | -- |
| Exercise | Common Stock, par value $0.01 | 29,954 | $0.00 | -- |
| Exercise | Common Stock, par value $0.01 | 1,734 | $0.00 | -- |
| Tax Withholding | Common Stock, par value $0.01 | 13,816 | $33.16 | $458K |
Holdings After Transaction:
Dividend Equivalent Rights — 8,354 shares (Direct);
Restricted Stock Units — 29,954 shares (Direct);
Common Stock, par value $0.01 — 196,478 shares (Direct)
Footnotes (1)
- Represents the total number of shares of common stock withheld for the Reporting Person's tax obligation. Dividend equivalent rights accrued on previously granted restricted stock units and become exercisable proportionately with the restricted stock units to which they relate, which have vested. Each restricted stock unit granted represents the right to receive one share of Dana common stock or, at the election of Dana, cash equal to the market value per share. Each restricted stock unit contains dividend equivalent rights. Restricted stock units granted vest in three (3) equal annual installments beginning on the first anniversary date of the grant.
FAQ
What insider transaction did Dana Inc. (DAN) report for Timothy R. Kraus?
Dana Inc. reported that SVP & CFO Timothy R. Kraus exercised equity awards on February 13, 2026. He converted restricted stock units and dividend equivalent rights into common shares, with a portion of the resulting stock withheld to cover tax obligations.
How many Dana Inc. (DAN) restricted stock units did Timothy R. Kraus exercise?
Timothy R. Kraus exercised 29,954 restricted stock units on February 13, 2026. Each unit represents the right to receive one share of Dana common stock, or at Dana’s election, cash equal to the market value per share, and includes dividend equivalent rights.
What are dividend equivalent rights in the Dana Inc. (DAN) Form 4 filing?
Dividend equivalent rights are accruals tied to previously granted restricted stock units. They become exercisable proportionately with those units as they vest, and in this case 1,734 such rights were exercised into Dana common stock on February 13, 2026.
What is Timothy R. Kraus’s Dana Inc. (DAN) common stock ownership after the transactions?
Following the reported transactions, Timothy R. Kraus directly owned 184,396 Dana common shares. He also held 8,354 dividend equivalent rights and 29,954 restricted stock units, all linked to Dana common stock awards and their associated dividend equivalents.
When do Timothy R. Kraus’s Dana Inc. (DAN) restricted stock units vest?
The restricted stock units referenced in the filing vest in three equal annual installments, beginning on the first anniversary of the grant date. This schedule gradually delivers Dana common stock or equivalent cash value over three years.