Kraus Timothy R., SVP and Chief Financial Officer of Dana Incorporated (DAN), has filed 43 Form 4 transactions with the SEC, all involving a single company. The pattern is dominated by compensation-related activity rather than discretionary trading. Across the entire filing history, there are zero open-market purchases (code P) and zero open-market sales (code S). The total value of acquired shares reached roughly $3.22 million, but this figure is driven entirely by grants, awards, and option exercises—not by Kraus putting his own capital at risk.
The most recent cluster of filings, spanning February 2025 through May 2026, illustrates this mechanical rhythm. On February 6, 2026, Kraus received a grant valued at approximately $2.79 million (code A) alongside option exercises (code M) and a corresponding tax-withholding transaction (code F) worth about $1.24 million. Similar patterns repeat on February 11, 13, and 14, 2026, with option exercises paired with F-code withholdings ranging from roughly $279,000 to $458,000. These F transactions represent shares surrendered to cover tax obligations—automatic consequences of vesting, not directional bets on the stock.
The absence of any P or S codes is the key takeaway. Kraus has not made a single open-market purchase or sale in the period covered by these filings. His equity stake in Dana is being built exclusively through compensation awards and option exercises, with a portion of each vesting event automatically liquidated to satisfy taxes. The dollar values attached to the F transactions—totaling over $2.7 million in the recent window—reflect the size of the underlying grants but reveal no conviction signal about the company's prospects. This is the signature of an executive accumulating shares through a standard compensation package, not an insider actively positioning in the market.
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