Dana (NYSE: DAN) executive awarded 297 dividend equivalent rights as equity compensation

Rhea-AI Filing Summary

Foster Byron S. reported acquisition or exercise transactions in this Form 4 filing.

DANA Inc executive Byron S. Foster, President of Light Vehicle Drive Systems, received a grant of 297 dividend equivalent rights tied to previously granted restricted stock units. These rights are the economic equivalent of Dana common shares and increase his directly held derivative-based position to 5,414 rights.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Foster Byron S.

Role Pres, Light Veh Drive Systems

Type	Security	Shares	Price	Value
Grant/Award	Dividend Equivalent Rights	297	$0.00	--

Holdings After Transaction: Dividend Equivalent Rights — 5,414 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Dividend equivalent rights granted: 297 rights Total rights after transaction: 5,414 rights Transaction price per right: $0.00 per right +1 more

4 metrics

Dividend equivalent rights granted 297 rights Grant on 2026-05-29 as derivative award

Total rights after transaction 5,414 rights Derivative-based holdings following the grant

Transaction price per right $0.00 per right Grant with no cash paid by executive

Underlying common stock equivalent 297 shares equivalent Each dividend equivalent right equals one Dana common share economically

Key Terms

Dividend Equivalent Rights, restricted stock units, economic equivalent, Common Stock, par value $0.01

4 terms

Dividend Equivalent Rights financial

"Dividend equivalent rights accrued on previously granted restricted stock units"

Dividend equivalent rights are promises that mirror the cash payments shareholders get from a company’s profits, but they are paid to holders of certain awards (like stock options or restricted stock units) rather than to actual shares. Think of them as a paycheck top‑up that matches dividends while the award is not yet a real stock, and they matter to investors because they add to employee compensation costs and potential share dilution, affecting company profitability and per‑share value.

restricted stock units financial

"accrued on previously granted restricted stock units and become exercisable proportionately"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

economic equivalent financial

"Each dividend equivalent right is the economic equivalent of one share of Dana common stock"

Common Stock, par value $0.01 financial

"underlying_security_title: Common Stock, par value $0.01"

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Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Foster Byron S.

(Last) (First) (Middle)

3939 TECHNOLOGY DRIVE

(Street)

MAUMEE OHIO 43537

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
DANA Inc [ DAN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Pres, Light Veh Drive Systems

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/29/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Dividend Equivalent Rights	(1)	05/29/2026		A		297		(1)	(1)	Common Stock, par value $0.01	297	$0.0000	5,414	D

Explanation of Responses:

1. Dividend equivalent rights accrued on previously granted restricted stock units and become exercisable proportionately with the restricted stock units to which they relate. Each dividend equivalent right is the economic equivalent of one share of Dana common stock.

	/s/ Laura L. Aossey on behalf of Byron S. Foster	06/02/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did DANA Inc (DAN) report for Byron S. Foster?

DANA Inc reported that executive Byron S. Foster received 297 dividend equivalent rights. These were granted as part of his existing equity awards and are tied to previously issued restricted stock units rather than open-market purchases or sales of Dana common stock.

What are the dividend equivalent rights granted to the DANA Inc executive?

The dividend equivalent rights represent compensation units that mirror dividends on Dana common stock. Each right is the economic equivalent of one Dana share and becomes exercisable proportionately with the related restricted stock units previously granted to the executive.

How large is Byron S. Foster’s derivative-based position after this DANA Inc Form 4?

After the reported grant, Byron S. Foster holds 5,414 dividend equivalent rights and related derivative interests directly. This total reflects compensation-linked instruments rather than ordinary shares purchased or sold in the open market by the DANA Inc executive.

Did the DANA Inc Form 4 show any stock purchases or sales by the executive?

The Form 4 did not show open-market stock purchases or sales. It reported a grant of 297 dividend equivalent rights as a compensation-related acquisition, classified as a derivative transaction rather than a typical buy or sell of DANA Inc common stock.

How do these dividend equivalent rights relate to DANA Inc restricted stock units?

The dividend equivalent rights accrue on previously granted restricted stock units and vest proportionately with them. As dividends are declared on DANA Inc common stock, these rights are designed to mirror the economic value associated with those underlying restricted stock unit awards.