Dana approves performance-vested stock unit grants to executives, excluding CEO
On February 6, 2026, Dana's Board approved performance-vested restricted stock units for eligible participants, including named executive officers other than CEO Bruce McDonald, under the 2021 Omnibus Incentive Plan. The units vest based on pre-set stock price targets over January 1, 2026 through December 31, 2029, plus continued employment, and could pay out from zero to three times target. The grant is a compensation arrangement rather than a leadership change, so its direct effect on shareholders depends on how many shares are ultimately earned.
Key points
- Board approval date: February 6, 2026
- Performance period: January 1, 2026 through December 31, 2029
- Payout range: zero to three times target, based on stock price targets and continued employment
- Shares settle in two equal installments in early 2030 and early 2031; award form filed as Exhibit 10.1
The filing
Written by AI on Nov 8, 2026, 6:56 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 06, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.