Liedberg Douglas H 4

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.