Dana Inc (DAN) CEO McDonald receives 190,694 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Dana Inc Chairman & CEO R. Bruce McDonald received a grant of 190,694 restricted stock units (RSUs). These RSUs were awarded at no cost and 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.
The RSUs carry dividend equivalent rights and will vest in stages, with 50% vesting on 12/31/2027 and the remaining 50% vesting on 12/31/2028, aligning the CEO’s compensation with longer‑term company performance. This Form 4 reflects a compensation-related acquisition rather than any open-market stock purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
McDonald R Bruce
Role
Chairman & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 190,694 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 190,694 shares (Direct, null)
Footnotes (1)
- 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 will vest 50% on 12/31/2027 and the remaining 50% will vest on 12/31/2028.
Key Figures
RSUs granted: 190,694 units
Grant price: $0.00 per unit
Underlying common stock: 190,694 shares
+3 more
6 metrics
RSUs granted
190,694 units
Restricted stock units granted to Chairman & CEO R. Bruce McDonald
Grant price
$0.00 per unit
Compensation-related RSU award with no purchase price
Underlying common stock
190,694 shares
Each RSU represents one share of Dana common stock or cash equivalent
First vesting tranche
50% on 12/31/2027
Half of the RSUs vest at year-end 2027
Second vesting tranche
50% on 12/31/2028
Remaining RSUs vest at year-end 2028
Total RSUs after transaction
190,694 units
Total restricted stock units held by CEO after this grant
Key Terms
Restricted Stock Units, dividend equivalent rights, vest, grant, award, or other acquisition
4 terms
Restricted Stock Units financial
"Each restricted stock unit granted represents the right to receive one share of Dana common stock"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
dividend equivalent rights financial
"Each restricted stock unit contains dividend equivalent rights."
Dividend equivalent rights are promises that mirror the cash payments shareholders get from a company’s profits, but they are paid to holders of certain awards (like stock options or restricted stock units) rather than to actual shares. Think of them as a paycheck top‑up that matches dividends while the award is not yet a real stock, and they matter to investors because they add to employee compensation costs and potential share dilution, affecting company profitability and per‑share value.
vest financial
"Restricted stock units will vest 50% on 12/31/2027 and the remaining 50% will vest on 12/31/2028."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
FAQ
What did Dana Inc (DAN) report in this Form 4 filing?
Dana Inc reported that Chairman & CEO R. Bruce McDonald received 190,694 restricted stock units as a compensation award. The units are tied to Dana common stock or equivalent cash value and include dividend equivalent rights, reflecting long-term equity-based pay.
How many restricted stock units did Dana Inc’s CEO receive?
R. Bruce McDonald received a grant of 190,694 restricted stock units. Each unit corresponds to one share of Dana common stock or equivalent cash value, providing significant equity-based compensation that links the CEO’s potential payout to future company performance.
When do the Dana Inc CEO’s new restricted stock units vest?
The restricted stock units vest in two equal installments. Fifty percent of the 190,694 units vest on 12/31/2027, and the remaining 50% vest on 12/31/2028, creating a multi-year incentive for the CEO to focus on sustained company performance.
Do the Dana Inc CEO’s restricted stock units include dividend rights?
Yes, each restricted stock unit includes dividend equivalent rights. This means the CEO is entitled to cash or additional value linked to any dividends declared on Dana common stock during the vesting period, further aligning his compensation with shareholder returns.
How many restricted stock units does the Dana Inc CEO hold after this grant?
After this award, R. Bruce McDonald holds 190,694 restricted stock units related to Dana common stock. These units are subject to future vesting dates and represent a contingent equity position, not immediately exercisable or tradable common shares.