Dana CFO reports RSU vesting and tax withholding
DANA Inc Senior Vice President and Chief Financial Officer Timothy R. Kraus reported equity compensation-related transactions.
Rhea-AI Filing Summary
DANA Inc Senior Vice President and Chief Financial Officer Timothy R. Kraus reported equity compensation-related transactions. He converted 17,743 restricted stock units and 1,560 dividend equivalent rights into an equal number of common shares at a stated price of $0.00 per share.
To cover tax obligations from these vestings, 8,417 common shares were withheld at $33.16 per share, as indicated by the tax-withholding code and footnote. After these transactions, Kraus directly owned 195,282 shares of Dana common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Dividend Equivalent Rights | 1,560 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 17,743 | $0.00 | $0.00 |
| Exercise | Common Stock, par value $0.01 | 17,743 | $0.00 | $0.00 |
| Exercise | Common Stock, par value $0.01 | 1,560 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock, par value $0.01 | 8,417 | $33.16 | $279K |
Footnotes (4)
- F1. Represents the total number of shares of common stock withheld for the Reporting Person's tax obligation.
- F2. 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.
- F3. 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.
- F4. Restricted stock units granted vest in three (3) equal annual installments beginning on the first anniversary date of the grant.
FAQ
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What insider transaction did DANA Inc (DAN) CFO Timothy R. Kraus report?
What are dividend equivalent rights in the DANA Inc (DAN) Form 4 filing?
How do DANA Inc (DAN) restricted stock units vest for the CFO’s awards?
AI-generated analysis. How Rhea-AI works. Not financial advice.