Douglas H. Liedberg, Senior Vice President, General Counsel and Secretary of Dana Incorporated (DAN), has filed 44 Form 4 transactions with the SEC, all involving the single automotive supplier. The filings reveal a pattern dominated by compensation-related events rather than discretionary trading. There are zero open-market purchases (code P) and zero open-market sales (code S) in the dataset, meaning Liedberg has not expressed a directional conviction through voluntary buys or sells during the covered period. Instead, the activity consists entirely of automatic or mechanical transactions: grants and awards (code A), option exercises (code M), and shares withheld to cover tax obligations (code F).
The most recent filings, clustered around February 2026, show a typical vesting cycle. On February 6, 2026, Liedberg received an award valued at $2,453,310.40 (code A), while simultaneously having $1,129,876.80 in shares withheld for taxes (code F) and exercising options with no reported value. Similar patterns appear on February 11, 13, and 14, with tax-withholding values of $205,215.93, $263,190.92, and $173,758.40 respectively, each paired with option exercises. The aggregate acquired value across all filings totals $2,925,746.26, but this reflects the gross value of compensation awards and option exercises, not cash outlays. The absence of any buy or sell codes indicates Liedberg's trading activity is entirely driven by equity compensation mechanics, with no evidence of an insider taking a proprietary position in DAN shares.
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