Lynch Michael Joseph 4

What Happened

• Michael Joseph Lynch, President — Driveline at Dauch Corp (DCH), was granted 39,120 shares on 2026-02-28 (code A — award/acquisition).
• On the same date he had two dispositions (code F — payment of exercise price or tax liability): 17,526 shares and 34,867 shares were withheld/surrendered at $6.60 per share, valued at $115,672 and $230,122 respectively (total withheld = 52,393 shares; total value ≈ $345,794).
• This appears to be an award issuance with shares withheld to satisfy tax withholding obligations (a routine, non–open-market sale), not a purchase.

Key Details

• Transaction date: 2026-02-28; Filing date: 2026-03-03 (filed within the standard 2-business-day window for a Feb 28 transaction).
• Prices: tax-withheld dispositions at $6.60 per share.
• Shares acquired (award): 39,120. Shares withheld/disposed for taxes: 52,393 (17,526 + 34,867), total value ≈ $345,794.
• Shares owned after the transactions: not disclosed in the provided filing.
• Transaction codes: A = Award/Grant (acquisition); F = Payment of exercise price or tax liability (withholding). No 10b5-1 plan or other footnotes were provided in the supplied summary.

Context

• For retail investors: awards followed by share withholding are common when companies issue restricted stock or settle equity awards — the company (or insider) surrenders some shares to cover taxes rather than paying cash.
• Because the filing does not disclose total post-transaction holdings, you cannot tell from this Form 4 whether Lynch’s overall stake increased or decreased; the withholding here exceeded the award in this report, which could mean withholding also covered other tax liabilities or prior vesting/exercises.