Liedberg Douglas H 4

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.