Foster Byron S.

Foster Byron S., president of Dana Incorporated’s Light Vehicle Drive Systems segment, has filed 43 Form 4 transactions across two companies, but his recent activity is confined almost entirely to Dana (DAN) and reflects a compensation-driven pattern rather than discretionary trading. Over the past year, Foster has reported zero open-market purchases and zero open-market sales. Instead, his filings consist of routine equity grants (code A), option exercises (code M), and shares withheld to cover tax obligations (code F). The most recent entries, dated May 29, 2026, and May 13, 2026, are zero-value grants in DAN and Wabtec (WAB), respectively, indicating no cash changing hands. The dollar figures in Foster’s filings are dominated by tax-withholding events tied to vesting or exercise. On February 6, 2026, he reported a grant valued at $1,903,100.80 in DAN, paired with a corresponding tax withholding of $848,828.80. Similar but smaller F-code transactions occurred on February 11, 13, and 14, 2026, with values of $294,755.37, $302,386.04, and $215,042.60, respectively. These were all accompanied by M-code exercises at zero reported value, a mechanical pattern typical of restricted stock vesting. Earlier, on February 14 and 15, 2025, he reported smaller withholdings of $105,486.04 and $77,264.18, again paired with option exercises. The absence of any P- or S-code trades—the only codes that signal a conviction-based buy or sell—means Foster’s Form 4 history offers no directional signal on his view of Dana’s stock. His total acquired value of roughly $2.23 million stems almost entirely from equity awards and exercises, not open-market investment. The pattern is consistent across both companies: periodic grants, automatic tax withholdings, and no discretionary activity. For investors tracking insider sentiment, Foster’s filings are notable for what they lack—any voluntary transaction—rather than for a bullish or bearish stance.