Dana (NYSE: DAN) CEO awarded 22,808 restricted stock units in new grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
McDonald R Bruce reported acquisition or exercise transactions in this Form 4 filing.
DANA Inc reported that Chairman and CEO R. Bruce McDonald received a grant of 22,808 restricted stock units. Each unit represents one share of Dana common stock or, at Dana’s election, cash equal to the share’s market value and includes dividend equivalent rights. The units vest in full on the first anniversary of the May 28, 2026 grant.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
McDonald R Bruce
Role
Chairman & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 22,808 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 22,808 shares (Direct, null)
Footnotes (1)
- Each restricted stock unit granted represents the right to receive one share of Dana common stock or, at the election of Dana, cash equal to the market value per share. Each restricted stock unit contains dividend equivalent rights. Restricted stock units granted vest in full on the first anniversary date of the grant.
Key Figures
RSUs granted: 22,808 units
Exercise price: $0.00 per unit
Underlying shares: 22,808 shares
+2 more
5 metrics
RSUs granted
22,808 units
Restricted Stock Units granted on May 28, 2026
Exercise price
$0.00 per unit
Conversion or exercise price for RSUs
Underlying shares
22,808 shares
Common stock underlying the RSUs
Holdings after grant
22,808 RSUs
Total restricted stock units following transaction
Vesting schedule
1-year cliff vest
RSUs vest in full on first anniversary of grant
Key Terms
Restricted Stock Units, dividend equivalent rights, grant, award, or other acquisition, underlying security
4 terms
Restricted Stock Units financial
"Each restricted stock unit granted represents the right to receive one share of Dana common stock"
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.
dividend equivalent rights financial
"Each restricted stock unit contains dividend equivalent rights"
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.
grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
underlying security financial
"underlying_security_title: Common Stock, par value $0.01"
FAQ
What insider transaction did DANA Inc (DAN) report for R. Bruce McDonald?
DANA Inc reported that Chairman and CEO R. Bruce McDonald received a grant of 22,808 restricted stock units. These units are a form of equity-based compensation tied to Dana common stock, intended to align executive interests with shareholders.
How many restricted stock units were granted to the DANA Inc (DAN) CEO?
R. Bruce McDonald was granted 22,808 restricted stock units. Each unit is linked to one share of Dana common stock or, at Dana’s election, cash equal to the market value per share, and includes dividend equivalent rights for the holder.
When do the restricted stock units granted by DANA Inc (DAN) vest?
The restricted stock units granted to R. Bruce McDonald vest in full on the first anniversary of the grant date. This means the entire 22,808-unit award becomes fully earned one year after the May 28, 2026 grant, assuming applicable conditions are satisfied.
What does each DANA Inc (DAN) restricted stock unit entitle the holder to receive?
Each restricted stock unit entitles the holder to receive one share of Dana common stock or, at Dana’s election, cash equal to the share’s market value. The units also carry dividend equivalent rights, providing value similar to regular dividends during the vesting period.
How many DANA Inc (DAN) restricted stock units does the CEO hold after this grant?
After this grant, R. Bruce McDonald is reported to hold 22,808 restricted stock units directly. These units are tied to Dana common stock and will vest in full on the first anniversary of the grant, subject to the award’s terms and conditions.