Dana CFO Timothy Kraus Receives $2.79M in Performance Share Awards
summarizeSummary
Dana Inc.'s CFO, Timothy R. Kraus, received performance-vested stock awards valued at $2.79 million, aligning his compensation with company performance.
check_boxKey Events
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CFO Awarded Performance Shares
Timothy R. Kraus, SVP & CFO, was granted performance-vested common stock awards totaling $2,792,453 on February 6, 2026.
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Tax Withholding for Vesting
A portion of shares valued at $1,241,810 was withheld to satisfy tax obligations upon the vesting of performance shares.
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Increased Direct Holdings
Post-transaction, the CFO's direct holdings increased to 191,763 shares, reflecting a significant increase in his equity stake.
auto_awesomeAnalysis
This Form 4 details the grant of significant performance-vested stock awards to Dana Inc.'s Chief Financial Officer, Timothy R. Kraus, valued at $2.79 million. This follows the company's recent 8-K filing on February 6, 2026, which disclosed the approval of such performance-based compensation for executives. The award, representing a notable increase in the CFO's equity stake, aligns his financial interests directly with the company's long-term performance and shareholder value creation. While a portion of shares was withheld for tax purposes, this is a routine and mandatory event associated with such compensation. The transaction occurs as the stock trades near its 52-week high, reflecting positive market sentiment following recent strong financial results and debt reduction efforts.
At the time of this filing, DAN was trading at $32.07 on NYSE in the Manufacturing sector, with a market capitalization of approximately $3.7B. The 52-week trading range was $10.11 to $32.50. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.