Dauch Corporation Grants Performance Stock Units to Executive
DETROIT — Dauch Corporation (Dauch), a leading company in the automotive supply chain, recently announced a significant induction award. As of February 5, 2026, Markus Bannert was awarded performance stock units as part of his new role as an executive officer following a business combination with Dowlais Group plc.
The award encompasses a target of 90,909 shares of the company's common stock, with the potential to earn up to 272,727 shares. This favorable arrangement is termed the Inducement Grant, which rewards continued tenure with the company and depends on the company's stock performance. The vesting of the shares is tied to achieving a specified average share price over a 20-day trading period through March 31, 2029.
To elaborate, for the target award to be considered earned fully, the average share price must exceed $12.00 over a defined trading period. Incremental achievements above this baseline will enhance the payout potential, with significant vesting bonuses kicking in if the share price reaches $22.00, allowing for a maximum payout percentage of 300%.
Upon the completion of the performance period, 50% of this targeted award will vest, with the remaining 50% set to vest one year later, contingent upon Bannert's ongoing employment with Dauch.
The Compensation Committee of Dauch's Board of Directors authorized this grant under the Dauch Corporation 2026 Inducement Omnibus Equity Incentive Plan as a strategic employment inducement effort per New York Stock Exchange Rule 303A.08.
About Dauch Corporation
Dauch Corporation prides itself on being a foremost supplier in Driveline and Metal Forming, catering to the evolving needs of the global automotive industry. The company's versatile product offerings are designed for diverse powertrains, including electric, hybrid, and internal combustion vehicles, ensuring it remains a key player in this dynamic market.
Headquartered in Detroit, MI, Dauch operates across 24 countries and boasts over 175 locations worldwide, reflecting its substantial footprint in the automotive sector. The company's commitment to innovation and excellence enables it to support various automotive manufacturers effectively.
Contact Information
Corporate Communications
Christopher M. Son
Vice President, Marketing & Communications
+1 (313) 758-4814
Investor Relations
David H. Lim
Head of Investor Relations
+1 (313) 758-2006
Frequently Asked Questions
What is the purpose of the Inducement Grant?
The Inducement Grant is aimed at incentivizing key executives like Markus Bannert to enhance company performance and align their interests with shareholder value.
How does the vesting of the performance stock units work?
The vesting is contingent upon achieving certain share price metrics over a specified measurement period. An increase in share price leads to a fuller vesting of the granted units.
What does the NYSE Rule 303A.08 signify?
This NYSE rule pertains to the policies around the granting of equity awards as a means to enhance employment opportunities and align management incentives.
What industries does Dauch Corporation serve?
Dauch Corporation primarily serves the automotive industry, providing solutions for all types of powertrains including electric, hybrid, and traditional combustion vehicles.
How can I learn more about Dauch Corporation?
To gain further insights into Dauch Corporation, you can visit their official website or follow their updates on various platforms to stay informed about their latest developments and offerings.
