Dauch Corporation (NYSE: DCH) recently granted an inducement award to Markus Bannert, an executive officer, as part of the business combination with Dowlais Group plc. The award consists of performance stock units covering a target of 90,909 shares of the company's common stock, with the potential to earn up to 272,727 shares.
The vesting of the award is tied to the highest average share price achieved over a 20-day trading period, with the measurement period ending on March 31, 2029. If the average price remains above $12.00 over a 20 trading-day period, 100% of the target award would be considered earned, with incremental increases in payout up to a maximum of $22.00 and corresponding payout percentage of 300%. Additionally, 50% of the award will vest at the end of the performance period, with the remaining 50% vesting at the one-year anniversary of that date.
This inducement grant was approved by the Compensation Committee of the Company’s Board of Directors and granted under the Dauch Corporation 2026 Inducement Omnibus Equity Incentive Plan as an employment inducement award pursuant to New York Stock Exchange Rule 303A.08.
Dauch Corporation is a premier driveline and metal forming supplier serving the global automotive industry. It has operations in 24 countries and more than 175 locations.
The company's stock performance, as well as the impact of this inducement award on its financials and operations, will be closely monitored by investors and industry analysts in the coming months. As a result of these announcements, the company's shares have moved -1.28% on the market, and are now trading at a price of $7.70. For the full picture, make sure to review Dauch Corp's 8-K report.
