secwatch.observer — SEC 8-K summary
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Issuer:     DANA Inc (DAN)
CIK:        0000026780
Form:       8-K
Filed at:   2026-02-06T23:59:59+00:00
Accession:  0001193125-26-041304
Event type: other_material
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Dana grants PSUs to NEOs (excl. CEO) with 4-year stock price targets; max 3x target payout
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- Board approved PSUs under 2021 Omnibus Plan; eligible participants include named executive officers other than CEO Bruce McDonald.
- PSUs vest based on stock-price goals over a 4-year period (Jan 1, 2026 – Dec 31, 2029); actual payout ranges from 0% to 300% of target.
- Earned PSUs settle in two equal installments in early 2030 and early 2031 via common stock issuance.
- PSUs subject to clawback policy; no right to continued employment or influence on benefit plans.
- No specific grant quantities or individual award amounts disclosed in the filing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/26780/000119312526041304/0001193125-26-041304-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/26780/000119312526041304/d49676d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-041304

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer