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.
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