Dauch Corp counsel granted stock awards
Sherbin Joshua A reported acquisition or exercise transactions in this Form 4 filing.
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Form Type
4
Rhea-AI Filing Summary
Sherbin Joshua A reported acquisition or exercise transactions in this Form 4 filing.
Dauch Corp General Counsel & Secretary Joshua A. Sherbin reported receiving two equity awards of the company’s common stock. He was granted 100,747 performance-based restricted stock units at target, which can pay out up to 300% of target based on share-price performance through March 31, 2029, with half vesting at period end and half one year later. He was also granted 45,455 time-based restricted stock units that vest on the third anniversary of the grant date.
Insider Trade Summary
Grant/Award: 146,202 shares
Grant/Award
2 txns
Insider
Sherbin Joshua A
Role
General Counsel & Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 45,455 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 100,747 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 146,202 shares (Direct)
Footnotes (2)
- 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.
- F2. These shares represent a grant of restricted stock units ("RSUs") that will settle in common stock upon vesting on the third anniversary of the grant date.
Key Figures
Performance-based RSUs granted: 100,747 units
PSU maximum payout: 300% of target
Time-based RSUs granted: 45,455 units
+3 more
6 metrics
Performance-based RSUs granted
100,747 units
Grant of performance-based restricted stock units at target level
PSU maximum payout
300% of target
Upper limit on performance-based units earned over performance period
Time-based RSUs granted
45,455 units
Restricted stock units vesting on third anniversary of grant date
Shares after PSU grant
146,202 shares
Total common shares held directly following the 100,747-unit PSU award
Shares after RSU grant
45,455 shares
Total common shares held directly following the 45,455-unit RSU award
Performance period end
March 31, 2029
End of measurement period for determining PSU performance outcomes
Key Terms
performance-based restricted stock units, restricted stock units, Performance Period
3 terms
performance-based restricted stock units financial
"These shares represent a grant of performance-based restricted stock units ("PSUs") at target level performance."
Performance-based restricted stock units are a type of employee equity award that converts into company shares only if predefined financial or operational targets are met over a set period. Think of it like a bonus check that becomes stock only when specific goals are hit; it ties pay to results, aligning managers’ incentives with shareholders. Investors care because these awards affect future share count, executive incentives, and signal how management’s success will be measured and rewarded.
restricted stock units financial
"These shares represent a grant of restricted stock units ("RSUs") that will settle in common stock upon vesting"
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.
Performance Period financial
"during the measurement period ending March 31, 2029 ("Performance Period")."
The performance period is the specific time span over which an investment’s results, an employee’s targets, or a fund’s returns are measured and judged. It matters to investors because the length and start/end of that window determine which gains or losses count toward performance fees, bonus payouts, or benchmark comparisons—much like timing a race decides who wins, the chosen period can change whether results look strong or weak.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Joshua Sherbin report in Dauch Corp (AXL) Form 4?
Joshua A. Sherbin reported two stock-based compensation grants. He received 100,747 performance-based restricted stock units and 45,455 time-based restricted stock units, both settling in Dauch Corp common shares upon future vesting, with no cash purchase involved.
How many performance-based stock units did Sherbin receive at Dauch Corp (AXL)?
He received 100,747 performance-based restricted stock units at target level. The final number earned depends on Dauch Corp’s stock price performance, measured by the highest 20-day average price through March 31, 2029, and can be up to 300% of the target amount.
When do Joshua Sherbin’s Dauch Corp (AXL) PSUs vest?
His performance-based restricted stock units generally vest in two stages. Fifty percent vest at the end of the performance period ending March 31, 2029, and the remaining fifty percent vest on the first anniversary of that performance period end date.
What are the terms of Sherbin’s restricted stock units at Dauch Corp (AXL)?
Sherbin’s restricted stock units are time-based awards that settle in common stock. They vest in full on the third anniversary of the grant date, providing future share delivery if he remains eligible through that time-based vesting date.
AI-generated analysis. How Rhea-AI works. Not financial advice.
