Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensation Arrangements of Certain Officers.
On
In his new role,
•
• An annual bonus of 75% of his annual base salary upon the achievement of target-level performance; • Annual grants beginning with the 2022 long term incentive program under Dana's 2021 Omnibus Incentive Plan to be valued at 250% of his annual base salary to be granted on the same date as other senior executives; • Two annual grants of Restricted Stock Units totaling$200,000 .$100,000 granted onDecember 8, 2021 and vesting on the first anniversary of his date of promotion; and$100,000 granted on the first anniversary date of his date of promotion and vesting on the second anniversary of his date of promotion; and • All of Dana's benefit plans or arrangements in effect from time to time with respect generally to senior executives, including Executive Severance Policy and Change in Control Severance Policy.
A copy of Dana's press release related to this appointment is attached as Exhibit 99.1 to this report and incorporated by reference herein.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits. The following item is filed with this report.
Exhibit No. Description 99.1 Dana Incorporated Press Release datedDecember 1, 2021 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
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