May Christopher John 4

What Happened

• Christopher John May, EVP & CFO of Dauch Corp (AXL), received a grant of 287,879 performance-based restricted stock units (PSUs) on February 2, 2026. The Form 4 lists the acquisition as an award (code A); no per-share price or immediate cash value is reported because payout depends on future performance.

Key Details

• Transaction date: 2026-02-02; Filing date: 2026-02-04 (appears timely; Form 4s are generally due within two business days).
• Grant size: 287,879 PSUs at target. Price per share: N/A; total current value: N/A (dependent on future stock price).
• Potential payout: PSUs may pay out between 0% and up to 300% of target (maximum possible = 863,637 PSUs).
• Vesting/measurement: Payout determined by the highest average price over any 20-day trading period during the measurement period ending March 31, 2029. Vesting generally occurs 50% at the end of the Performance Period and 50% one year later (per footnote F1).
• Shares owned after transaction: Not specified in the filing.
• Notable: This is a compensation grant (performance-based PSU), not an open-market purchase or sale. No 10b5-1 plan, tax-withholding, or late filing flags are indicated in the disclosed details.

Context

• PSUs are a form of long-term incentive tied to company performance; payout and final share count depend on stock-price based metrics through March 31, 2029. Such awards are common in executive compensation and do not, by themselves, signal a buy or sell decision by the insider. For retail investors, this indicates management is being compensated with performance-linked equity, aligning potential rewards with future stock performance rather than providing immediate liquidity.