DANA Inc (DAN) director receives grant of 21 dividend equivalent rights as compensation

Rhea-AI Filing Summary

Hernandez Ernesto M reported acquisition or exercise transactions in this Form 4 filing.

DANA Inc director Ernesto M. Hernandez received a small compensation grant tied to prior awards. On March 20, 2026, he was granted 21 Dividend Equivalent Rights, each economically equal to one share of Dana common stock. These rights accrued on previously granted restricted stock units and will vest proportionately with those units, rather than through an open-market transaction.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Hernandez Ernesto M

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Dividend Equivalent Rights	21	$0.00	--

Holdings After Transaction: Dividend Equivalent Rights — 21 shares (Direct)

Footnotes (1)

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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^*

Hernandez Ernesto M

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/20/2026

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)	03/20/2026		A		21		(1)	(1)	Common Stock, par value $0.01	21	$0.0000	21	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 Ernesto M. Hernandez	03/24/2026
	** 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 Ernesto M. Hernandez?

DANA Inc reported that director Ernesto M. Hernandez received a grant of 21 Dividend Equivalent Rights on March 20, 2026. These rights are linked to earlier restricted stock units and function as additional compensation tied to Dana common stock performance.

What are Dividend Equivalent Rights in the DANA Inc (DAN) Form 4 filing?

Dividend Equivalent Rights are compensation instruments that mirror dividends on underlying restricted stock units. For DANA Inc, each right is economically equivalent to one share of common stock and becomes exercisable proportionately as the related restricted stock units vest over time.

Was the DANA Inc (DAN) insider transaction a market purchase or sale?

The transaction was not a market purchase or sale. Ernesto M. Hernandez received 21 Dividend Equivalent Rights as a grant with a stated price of $0.00 per right, reflecting a compensation award rather than an open-market trade in DANA Inc common shares.

How many securities does Ernesto M. Hernandez hold after this DANA Inc (DAN) transaction?

After the reported transaction, Ernesto M. Hernandez holds 21 Dividend Equivalent Rights related to DANA Inc common stock. These rights accrued on previously granted restricted stock units and track dividend value instead of representing directly purchased or sold shares in the open market.

How do the Dividend Equivalent Rights for DANA Inc (DAN) vest for the director?

The Dividend Equivalent Rights vest in step with the underlying restricted stock units. For DANA Inc, they become exercisable proportionately as the original restricted stock units vest, aligning the director’s additional compensation with the long-term performance and vesting schedule of those equity awards.