Lynch Michael Joseph 4

What Happened

• Michael Lynch, President Driveline of Dauch Corp (AXL), received a grant of 287,879 performance-based restricted stock units (PSUs) on 2026-02-02 (transaction code A — award). The Form 4 lists price as N/A because these are equity awards, not an open-market trade or cash transaction.

Key Details

• Transaction date: 2026-02-02; Form 4 filed: 2026-02-04 (Accession 0001062231-26-000009) — appears timely.
• Shares/units granted: 287,879 PSUs at target; reported as "Acquired."
• Price: N/A (award/grant).
• Shares owned after transaction: not specified on the provided Form 4 excerpt.
• Footnote: PSUs are performance-based at target; actual payout depends on the highest average stock price over any 20-day period during the measurement period ending 3/31/2029. Awards can pay out up to 300% of target. Vesting schedule: 50% at the end of the Performance Period and 50% one year later.

Context

• PSUs are conditional awards — they are not immediate shares and only convert to stock if performance criteria are met. Because payout depends on future stock-price performance and time-based vesting, this grant does not represent an immediate purchase or sale.
• Grants like this are a common part of executive compensation and should be viewed separately from insider buying/selling activity; they do not by themselves signal a near-term buy or sell decision.