Kraus Timothy R 4

What Happened

• Timothy R. Kraus, Chief Financial Officer of DANA Inc. (DAN), exercised/converted derivative awards on Feb 14, 2026, resulting in the issuance of 19,303 shares (17,743 + 1,560). No cash exercise price was reported ($0.00 per share).
• To satisfy tax obligations, 8,417 of those shares were withheld at an implied price of $33.16 per share, producing about $279,108. Net of withholding, Kraus received 10,886 shares.

Key Details

• Transaction date: 2026-02-14; Form 4 filed: 2026-02-18. Filing appears on EDGAR with no late-filing note in the provided data.
• Reported prices: derivative conversion at $0.00; tax-withheld shares valued/withheld at $33.16 each (8,417 shares → $279,108).
• Net shares received: 19,303 gross − 8,417 withheld = 10,886 net shares added.
• Footnotes: F1 indicates the 8,417 shares were withheld to cover tax liability. F2–F4 describe dividend equivalent rights and that the awards are restricted stock units (each RSU equals one share, vesting in three equal annual installments).
• Transaction codes: M = exercise/conversion of derivative; F = payment of exercise price/tax withholding.

Context

• This was not an open-market sale — it reflects conversion/vesting of equity awards with shares withheld to cover taxes (a routine administrative step). Such withholding is common and does not necessarily signal a change in the insider’s view of the stock.
• The filing shows conversion of previously granted restricted stock units (per footnotes), not a market sale. The filing excerpt did not include total post-transaction beneficial ownership, so the exact total shares Kraus owns after this event is not provided here.