Parker Herbert K 4
Research Summary
AI-generated summary
Dauch Corp (DCH) Director Parker Herbert Receives 29,773 RSU Award
What Happened
- Parker Herbert K, a director of Dauch Corp (DCH), was granted 29,773 restricted stock units (RSUs) on April 30, 2026. The grant is reported as an acquisition (code A) at $0.00 per share (reported value $0), meaning there was no cash purchase.
Key Details
- Transaction date: 2026-04-30; Report filed: 2026-05-01 (timely; Form 4 due within two business days).
- Amount granted: 29,773 RSUs; reported acquisition price: $0.00 per share; reported immediate value: $0.
- Shares owned after the transaction: Not disclosed in this filing.
- Footnote: These are RSUs that will be settled in common stock upon vesting; they vest on the one-year anniversary of the grant (see footnote F1).
- Transaction code: A (Award/Grant).
Context
- RSUs are a form of compensation that convert to shares only upon vesting; they typically do not provide voting rights or transferability until settlement and may be forfeitable if vesting conditions are not met. This grant is a routine equity award to an insider and does not represent an open-market purchase or sale.