Kraus Timothy R 4

What Happened Timothy R. Kraus, Chief Financial Officer of DANA Inc., had restricted stock units (derivative awards) convert into common shares on 2026-02-11. A total of 27,678 shares were issued on conversion (27,067 + 611). To satisfy tax withholding obligations, 12,068 shares were withheld at an implied value of $32.07 per share, totaling approximately $387,021, leaving a net issuance of 15,610 shares to Mr. Kraus. This was a conversion/vesting event with tax withholding — not an open-market sale or purchase.

Key Details

• Transaction date: 2026-02-11; Form 4 filed 2026-02-12 (appears timely).
• Converted shares: 27,678 total (27,067 + 611) via exercise/conversion of derivative securities (code M).
• Shares withheld for taxes: 12,068 at $32.07 each, totaling ~$387,021 (code F, tax withholding).
• Net shares issued to insider: 15,610 (27,678 − 12,068).
• Footnotes: F1 = shares withheld to satisfy tax liability; F2–F4 describe dividend equivalents and RSU vesting/settlement terms and typical 3-year vesting schedule.
• Shares owned after transaction: not disclosed in the filing.

Context This transaction reflects the routine vesting/settlement of restricted stock units and associated tax withholding (a common administrative event). The withheld shares were used to cover tax obligations rather than sold on the open market, so this filing does not indicate a cash sale by the insider. For retail investors, such conversions are usually administrative and not a direct signal of the insider’s market view.