Insider Activity Highlights Dana’s Commitment to Growth
Dana Inc.’s latest form 4 filing from February 6, 2026 shows President Foster Byron S. (Light Vehicle Drive Systems) buying 62,602 shares after the vesting of performance shares, bringing his total stake to 140,138 shares. The purchase was executed at the market price of $32.07, the same level as the day’s close, and was accompanied by a modest sale of 27,922 shares to cover tax obligations. This round of buying is part of a broader pattern of incremental acquisitions of performance‑share‑linked equity that has been steady for the past 18 months. Byron’s cumulative purchases in 2025 totaled 4,331 shares, a figure that has more than tripled in 2026. The timing of the trade—coinciding with a 6.4 % weekly rise in the stock and a 17.5 % monthly gain—suggests confidence in Dana’s near‑term revenue outlook, driven by its expanding electric‑drive component business.
What the Trade Means for Investors
From a market‑watcher’s perspective, Byron’s buying is a “bullish signal.” The insider’s stake now represents roughly 0.04 % of the company, but the trend of incremental purchases reflects a belief that Dana’s valuation is still undervalued given its 52‑week high of $32.46. The trade also coincides with a spike in social‑media buzz (914 %) and a neutral sentiment score (+100), indicating that the broader investor community is paying close attention to insider activity. For shareholders, the transaction adds momentum to an already bullish technical profile: a 17.5 % monthly climb on a 68.09 P/E suggests that earnings growth will need to accelerate to justify the current price level. If Dana continues to deploy its new high‑performance drive systems to automotive OEMs, the stock could see further upside, especially if the company delivers on its earnings guidance.
Who Is Foster Byron S.? A Profile of the Insider
Byron’s historical transaction record paints a picture of a disciplined, long‑term investor who prefers performance‑share plans over cash. He has consistently purchased dividend‑equivalent rights (DERs) in 2025, totaling more than 4,000 shares, and has converted these into common stock through vesting. The most recent filing shows a total of 25,749 restricted stock units granted in 2026, indicating a continued commitment to equity‑based compensation. The pattern suggests that Byron values alignment with shareholder interests and is likely to hold his shares for the medium to long term, rather than engaging in short‑term speculation. His role as president of Light Vehicle Drive Systems positions him to influence product development, which could translate into on‑the‑ground commercial success for Dana’s EV‑related products.
Broader Insider Activity Context
The February 6 filing is just one of 11 recent insider transactions at Dana, with key executives such as CFO Kraus and VP Liedberg also buying significant blocks of restricted stock units. Together, these moves illustrate a broader executive‑level confidence in the company’s strategic direction. While some insiders have sold a few shares—most notably the CFO’s 40,849‑share sale—the net effect remains overwhelmingly bullish. For investors, the aggregation of insider buying across the board strengthens the narrative that Dana’s management believes the current valuation is sustainable and that the company’s future growth prospects are solid.
Conclusion
Foster Byron S.’s latest purchase adds to a growing chorus of insider confidence at Dana Inc. The combination of performance‑share vesting, restricted‑unit grants, and a sharp uptick in market activity suggests that executives are betting on the company’s electric‑drive expansion and its ability to sustain earnings growth. For shareholders, the insider activity signals that Dana’s management is optimistic about the near‑to‑midterm trajectory, and it may serve as a catalyst for further investor interest as the company moves closer to realizing its strategic goals.
| Date | Owner | Transaction Type | Shares | Price per Share | Security |
|---|---|---|---|---|---|
| 2026-02-06 | Foster Byron S. (Pres, Light Veh Drive Systems) | Buy | 62,602.00 | 30.40 | Common Stock, par value $0.01 |
| 2026-02-06 | Foster Byron S. (Pres, Light Veh Drive Systems) | Buy | 936.00 | 0.00 | Common Stock, par value $0.01 |
| 2026-02-06 | Foster Byron S. (Pres, Light Veh Drive Systems) | Sell | 27,922.00 | 30.40 | Common Stock, par value $0.01 |
| 2026-02-06 | Foster Byron S. (Pres, Light Veh Drive Systems) | Sell | 936.00 | 0.00 | Dividend Equivalent Rights |
| 2026-02-06 | Foster Byron S. (Pres, Light Veh Drive Systems) | Buy | 25,749.00 | 0.00 | Restricted Stock Units |
| 2026-02-06 | Hernandez Ernesto M () | Buy | 5,522.00 | 0.00 | Restricted Stock Units |
| 2026-02-06 | Karlin Bridget E () | Buy | 5,522.00 | 0.00 | Restricted Stock Units |
| 2026-02-06 | Mack Michael J () | Buy | 5,522.00 | 0.00 | Restricted Stock Units |
| 2026-02-06 | Nelligan Hanna Olivia () | Buy | 5,522.00 | 0.00 | Restricted Stock Units |
| 2026-02-06 | OConnell Diarmuid B. () | Buy | 5,522.00 | 0.00 | Restricted Stock Units |
| 2026-02-06 | WANDELL KEITH E () | Buy | 5,522.00 | 0.00 | Restricted Stock Units |
| 2026-02-06 | Kraus Timothy R (SVP & Chief Financial Officer) | Buy | 91,857.00 | 30.40 | Common Stock, par value $0.01 |
| 2026-02-06 | Kraus Timothy R (SVP & Chief Financial Officer) | Buy | 1,375.00 | 0.00 | Common Stock, par value $0.01 |
| 2026-02-06 | Kraus Timothy R (SVP & Chief Financial Officer) | Sell | 40,849.00 | 30.40 | Common Stock, par value $0.01 |
| 2026-02-06 | Kraus Timothy R (SVP & Chief Financial Officer) | Sell | 1,375.00 | 0.00 | Dividend Equivalent Rights |
| 2026-02-06 | Kraus Timothy R (SVP & Chief Financial Officer) | Buy | 33,802.00 | 0.00 | Restricted Stock Units |
| 2026-02-06 | Liedberg Douglas H (SVP, General Counsel and Secty) | Buy | 80,701.00 | 30.40 | Common Stock, par value $0.01 |
| 2026-02-06 | Liedberg Douglas H (SVP, General Counsel and Secty) | Buy | 1,208.00 | 0.00 | Common Stock, par value $0.01 |
| 2026-02-06 | Liedberg Douglas H (SVP, General Counsel and Secty) | Sell | 37,167.00 | 30.40 | Common Stock, par value $0.01 |
| 2026-02-06 | Liedberg Douglas H (SVP, General Counsel and Secty) | Sell | 1,208.00 | 0.00 | Dividend Equivalent Rights |
| 2026-02-06 | Liedberg Douglas H (SVP, General Counsel and Secty) | Buy | 17,666.00 | 0.00 | Restricted Stock Units |
| 2026-02-06 | Kellett James D (VP & Chief Accounting Officer) | Buy | 2,840.00 | 0.00 | Restricted Stock Units |
| 2026-02-06 | Pour Brian Keith (SVP & Pres Comm Veh Drive) | Buy | 20,321.00 | 0.00 | Restricted Stock Units |
| 2026-02-06 | LaFreniere Nora E. () | Buy | 5,522.00 | 0.00 | Restricted Stock Units |




