Liedberg Douglas H 4

4 · DANA Inc · Filed Feb 17, 2026

AI-generated summary of this filing

Updated Feb 17, 2026

DANA (DAN) SVP Douglas Liedberg Converts RSUs; 7,937 Shares Withheld

What Happened

Douglas H. Liedberg, SVP, General Counsel and Secretary of Dana Inc. (DAN), had restricted stock units (RSUs) convert into common shares on 2026-02-13. The filing shows a gross conversion of 17,597 shares (16,637 + 960).
To cover tax withholding, 7,937 shares were surrendered (withheld) at an implied value of $33.16 per share for a total tax withholding value of $263,191. That results in a net receipt of 9,660 shares by Liedberg.
This was a conversion/settlement of equity awards (derivative conversion), not an open-market sale or purchase — a routine tax-withholding event accompanying RSU vesting.

Key Details

Transaction date: 2026-02-13; Form 4 filed: 2026-02-17 (timely).
Gross shares converted: 17,597 (16,637 + 960). Shares withheld for taxes: 7,937 @ $33.16 = $263,191. Net shares received: 9,660.
Transaction codes: M = exercise/conversion of derivative (RSU settlement); F = payment of tax liability (share withholding).
Footnotes: RSUs include dividend equivalent rights (they vest in three equal annual installments; each RSU represents one share or cash at Dana’s election).
Shares owned after the transaction are not listed in the provided excerpt of the filing.

Context

This appears to be a routine settlement of vested RSUs with a standard “sell/withhold to cover taxes” mechanism; it is not an open-market sale indicating a change in investment stance.
For retail investors, award conversions and tax-withholding events are common and generally reflect compensation vesting rather than a buy/sell decision by the insider.

Form 4

Period: 2026-02-13

SVP, General Counsel and Secty

Transactions

Exercise/Conversion
Common Stock, par value $0.01
2026-02-13+16,637→ 210,949 total
Exercise/Conversion
Common Stock, par value $0.01
2026-02-13+960→ 211,909 total
Tax Payment
Common Stock, par value $0.01
[F1]
2026-02-13$33.16/sh−7,937$263,191→ 203,972 total
Exercise/Conversion
Dividend Equivalent Rights
[F2]
2026-02-13−960→ 4,586 total
→ Common Stock, par value $0.01 (960 underlying)
Exercise/Conversion
Restricted Stock Units
[F3][F4]
2026-02-13−16,637→ 16,637 total
From: 2025-02-13→ Common Stock, par value $0.01 (16,637 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|2026-02-17

1 file