Liedberg Douglas H 4

What Happened

• Douglas H. Liedberg, Senior Vice President, General Counsel and Secretary of DANA Inc., had performance-based awards vest on 2026-02-06 that resulted in the acquisition of 80,701 shares at an equivalent value of $30.40/share (≈ $2,453,310). To satisfy tax obligations on the vesting, 37,167 shares were withheld (disposed) at the same $30.40/share (≈ $1,129,877). In addition, 17,666 restricted stock units were granted (RSUs) and 1,208 derivative-related shares were converted/exercised and recorded (net $0 in exercise price).

Key Details

• Transaction date: 2026-02-06; filing date: 2026-02-10 (filed on time — within the two business-day Form 4 window).
• Vested performance shares acquired: 80,701 shares at $30.40 = $2,453,310.
• Shares withheld for taxes (disposed): 37,167 shares at $30.40 = $1,129,877.
• Derivative conversions/exercises: 1,208 shares shown as exercised/converted (reported at $0 exercise price); 17,666 RSUs granted (reported at $0).
• Shares owned after the transactions: not specified in the provided filing excerpt.
• Relevant footnotes: F1 (vesting of performance shares), F2 (shares withheld to satisfy tax obligations), F3 (dividend equivalent rights on performance units), F4–F6 (RSUs granted under the 2021 Omnibus Incentive Plan; contain dividend equivalents and vest in three equal annual installments).

Context

• These entries reflect compensation-related equity activity (vesting of performance shares and grant of RSUs) rather than open-market purchases or discretionary sales. The tax withholding is a routine disposition to cover withholding obligations. The small derivative entries likely represent conversion/exercise of dividend-equivalent or other derivative units tied to the awards rather than a standalone option purchase.