Dauch Grants Markus Bannert Up to 272,727 Shares Vesting on $12–$22 Price Hurdles
Dauch Corporation granted Markus Bannert performance stock units covering a target of 90,909 shares, with potential to earn up to 272,727 shares. The award vests based on continued employment and achieving average share price thresholds starting at $12.00 and scaling to $22.00 over a 20-trading-day period ending March 31, 2029, with 50% vesting at period end and 50% one year later.
1. Inducement Award Details
Dauch Corporation granted Markus Bannert performance stock units covering a target of 90,909 shares, with up to 272,727 shares payable as an inducement award under NYSE Rule 303A.08 following his appointment as an executive officer.
2. Vesting and Performance Criteria
Vesting is tied to continued employment through March 31, 2029, and the highest average share price over any 20-trading-day period during that time, with a $12.00 threshold for 100% payout increasing in $1.00 increments up to $22.00 for 300% payout; 50% vests at performance period end and 50% one year later.
3. Governance and Shareholder Impact
The award was approved by the Compensation Committee under the 2026 Inducement Omnibus Equity Incentive Plan, potentially diluting shares upon vesting and aligning executive incentives with stock performance.