Liedberg Douglas H 4

What Happened

• Douglas H. Liedberg, SVP, General Counsel and Secretary of DANA Inc. (DAN), had restricted stock units (reported as derivative exercises) convert into 11,618 shares on 2026-02-14. To satisfy tax withholding, 5,240 shares were surrendered at an effective price of $33.16 per share (total value withheld $173,758). The result is a net retention of 6,378 shares from this vesting event. This was a vesting/tax-withholding event rather than an open‑market buy or sell.

Key Details

• Transaction date: 2026-02-14; Form 4 filed: 2026-02-18 (timely).
• Conversion/Exercise (code M): 10,679 shares and 939 shares (total 11,618) converted into common stock at $0.00 reported exercise price.
• Tax withholding (code F): 5,240 shares withheld at $33.16 = $173,758.
• Net shares retained from this conversion: 11,618 − 5,240 = 6,378 shares.
• Footnotes: Shares result from restricted stock units (RSUs) that include dividend equivalents (F2/F3); RSUs vest in three equal annual installments starting on the first anniversary of the grant (F4). F1 explains the withheld shares covered tax obligations.
• Transaction codes explained: M = exercise/conversion of derivative (RSU vesting), F = shares withheld to pay tax liability.

Context

• This was a routine RSU vesting and withholding for taxes (a common cashless settlement method) rather than a discretionary sale or purchase. Such withholding does not necessarily indicate insider sentiment about the stock. No 10% owner implications are indicated.