Dana Incorporated Extends CEO R. Bruce McDonald's Contract with New Compensation Plan Including $9.9 Million in Equity Awards
DANA Incorporated announced on September 30, 2025, that Chairman and CEO R. Bruce McDonald's employment has been extended as the company continues key initiatives. Under a newly amended and restated employment agreement, McDonald will remain in his role on a month-to-month basis for up to one year, or until a successor CEO is appointed. The agreement maintains McDonald's base salary at $1,300,000 and includes eligibility for restricted stock unit (RSU) grants totaling up to $9,900,000 over the term. The RSUs will vest on the one-year anniversary of their grant dates, contingent on McDonald's continued service as CEO or as a member of the Board. Following the transition to a new CEO, McDonald will assume the role of Non-Executive Chairman of the Board. The Board indicated that the search for a successor will accelerate in early 2026.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. DANA Incorporated published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000950142-25-002563), on September 30, 2025, and is solely responsible for the information contained therein.
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