Kraus Timothy R 4
Research Summary
AI-generated summary
Dana (DAN) CFO Timothy Kraus Receives 455-Share Award
What Happened
Timothy R. Kraus, CFO of DANA Inc. (DAN), was granted/acquired 455 derivative shares (recorded as award A) on March 20, 2026. The Form 4 reports the acquisition price as $0.00, indicating these were dividend-equivalent rights tied to previously granted restricted stock units (RSUs) rather than a cash purchase.
Key Details
- Transaction date: 2026-03-20; Form 4 filed: 2026-03-24 (filed within required 2 business days).
- Transaction type/code: A (Grant/award or other acquisition); 455 shares; price per share reported $0.00.
- Shares owned after transaction: Not specified in the provided filing excerpt—see the full SEC filing for total beneficial ownership.
- Footnote: F1 — these are dividend equivalent rights that accrued on previously granted RSUs and become exercisable proportionately with those RSUs; each right is the economic equivalent of one Dana common share.
- No 10b5-1 plan, tax-withholding sale, or cash exercise was indicated in the excerpt.
Context
This is a compensation-related award (dividend equivalents on RSUs) rather than an open-market purchase or sale. Such awards are common as part of executive pay and do not, by themselves, indicate a buy/sell signal from the insider. For the full ownership picture and any vesting or settlement terms, consult the complete Form 4 on the SEC EDGAR site (Accession: 0001225208-26-003963).