Dana amends 8-K to disclose CEO successor Foster pay package, McDonald $5 million RSU grant
Dana Incorporated DAN | 0.00 |
- Dana amended its Feb. 12, 2026 Form 8-K to add previously omitted compensation terms tied to its CEO transition.
- Incoming CEO Byron S. Foster set for a $1 million base salary from July 1, 2026; target annual incentive at 150%.
- Executive Chairman R. Bruce McDonald set for a $700,000 base salary from July 1, 2026; target annual incentive at 100%.
- McDonald also to receive a one-time $5 million restricted stock unit grant, vesting 50% on Dec. 31, 2027 and 50% on Dec. 31, 2028.
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