Liedberg Douglas H 4

4 · DANA Inc · Filed Feb 12, 2026

AI-generated summary of this filing

Updated Feb 12, 2026

DANA (DAN) General Counsel Douglas Liedberg Exercises Derivatives; Shares Withheld

What Happened

Douglas H. Liedberg, SVP, General Counsel and Secretary of DANA Inc. (DAN), converted/exercised a total of 14,188 derivative units (13,877 + 311) into common shares on 2026-02-11 at an exercise/conversion price of $0.00.
To satisfy tax withholding related to the conversion, 6,399 shares were withheld/ disposed at $32.07 per share, generating proceeds of $205,216. The conversions themselves show $0 cash paid (typical of RSU vesting/conversion).

Key Details

Transaction date: February 11, 2026; Form filed February 12, 2026.
Conversion/exercise: 14,188 shares @ $0.00 (codes M — exercise/conversion of derivative).
Tax withholding: 6,399 shares @ $32.07 = $205,216 (code F — payment of tax liability via share withholding).
Shares owned after transaction: not specified in the provided filing.
Relevant footnotes: F1 = shares withheld for tax; F2–F4 indicate these were restricted stock unit (RSU)-related (dividend equivalents accrued, 1 RSU = 1 share or cash at Dana’s election, RSUs vest in three equal annual installments starting on the first anniversary).
Filing timing: reported on 2026-02-12 for a 2026-02-11 transaction (next‑day filing).

Context

This appears to be a routine vesting/conversion of RSUs (or similar derivative awards) with a sell/withhold-to-cover of a portion of the shares to satisfy tax withholding — a common administrative step and not an open-market sell signal.
For retail investors, conversions/vestings are neutral informational events; purchases are typically more indicative of bullish insider behavior.

Form 4

Period: 2026-02-11

SVP, General Counsel and Secty

Transactions

Exercise/Conversion
Common Stock, par value $0.01
2026-02-11+13,877→ 200,400 total
Exercise/Conversion
Common Stock, par value $0.01
2026-02-11+311→ 200,711 total
Tax Payment
Common Stock, par value $0.01
[F1]
2026-02-11$32.07/sh−6,399$205,216→ 194,312 total
Exercise/Conversion
Dividend Equivalent Rights
[F2]
2026-02-11−311→ 5,546 total
→ Common Stock, par value $0.01 (311 underlying)
Exercise/Conversion
Restricted Stock Units
[F3][F4]
2026-02-11−13,877→ 26,937 total
From: 2026-02-11→ Common Stock, par value $0.01 (13,877 underlying)

Footnotes (4)

[F1]Represents the total number of shares of common stock withheld for the Reporting Person's tax obligation.
[F2]Dividend equivalent rights accrued on previously granted restricted stock units and become exercisable proportionately with the restricted stock units to which they relate, which have vested.
[F3]Each restricted stock unit granted represents the right to receive one share of Dana common stock or, at the election of Dana, cash equal to the market value per share. Each restricted stock unit contains dividend equivalent rights.
[F4]Restricted stock units granted vest in three (3) equal annual installments beginning on the first anniversary date of the grant.

Signature

/s/ Laura L. Aossey on behalf of Douglas H. Liedberg|2026-02-12

1 file