Bannert Markus 4

What Happened Markus Bannert, President – Metal Forming at Dauch Corp (AXL), received a grant of 90,909 performance-based restricted stock units (PSUs) on February 5, 2026. No per-share price or aggregate value is reported (N/A). The award is a performance-based grant (not an open-market purchase or sale) intended as compensation and retention.

Key Details

• Transaction date: 2026-02-05; Form 4 filed: 2026-02-09 (filing appears timely).
• Transaction type: Award/Grant (code A); shares reported: 90,909 PSUs; price: N/A; total value: not reported.
• Vesting and performance terms (Footnote F1): PSUs are granted at target; actual payout depends on the highest average stock price over any 20-day trading period during the measurement period ending March 31, 2029. Payout may range from 0% to 300% of target. Vesting schedule: generally 50% at the end of the Performance Period and 50% one year later.
• Ownership reporting (Footnote F2): The total number of shares beneficially owned by Bannert after this grant is not yet determined and will be disclosed in an amended filing.
• Exhibit 24 (Power of Attorney) attached to the filing.

Context PSUs are a performance-based equity award; they don’t represent immediately tradable shares until earned and vested. Because payout depends on future stock-price performance and the measurement period, the eventual number and value of shares could be higher or lower than the target grant. This grant is a compensation event rather than a buying or selling signal.