Dana (DAN) director awarded 18 dividend equivalent rights

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 grant of 18 dividend equivalent rights on May 29, 2026. These rights were accrued on previously granted restricted stock units and will become exercisable in step with those units.

Each dividend equivalent right is the economic equivalent of one share of Dana common stock, and Hernandez now holds 39 dividend equivalent rights in total. This is a compensation-related award rather than an open-market purchase or sale.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Hernandez Ernesto M

Role null

Type	Security	Shares	Price	Value
Grant/Award	Dividend Equivalent Rights	18	$0.00	--

Holdings After Transaction: Dividend Equivalent Rights — 39 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Dividend equivalent rights granted: 18 rights Total rights after transaction: 39 rights Underlying common stock: 18 shares equivalent +1 more

4 metrics

Dividend equivalent rights granted 18 rights Grant on May 29, 2026

Total rights after transaction 39 rights Holdings following grant

Underlying common stock 18 shares equivalent Each right equals one Dana common share

Grant price $0.00 per right Compensation-related, non-cash grant

Key Terms

Dividend Equivalent Rights, restricted stock units, economic equivalent

3 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"

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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)
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		18		(1)	(1)	Common Stock, par value $0.01	18	$0.0000	39	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	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 Ernesto M. Hernandez?

Dana Inc reported that director Ernesto M. Hernandez received 18 dividend equivalent rights on May 29, 2026. These rights were granted as part of his compensation and are tied to previously granted restricted stock units in Dana common stock.

What are the dividend equivalent rights granted to Ernesto M. Hernandez at Dana Inc (DAN)?

The dividend equivalent rights represent amounts accrued on earlier restricted stock units and track dividends on Dana’s common stock. Each right is the economic equivalent of one Dana common share and becomes exercisable proportionately with the related restricted stock units.

How many dividend equivalent rights does Ernesto M. Hernandez hold after this Dana (DAN) Form 4?

Following the reported grant, Ernesto M. Hernandez holds a total of 39 dividend equivalent rights. The latest award added 18 new rights, which align with previously granted restricted stock units linked to Dana’s common stock compensation program.

Was the Dana Inc (DAN) Form 4 for Ernesto M. Hernandez a market buy or sell?

No, the Form 4 reflects a grant of 18 dividend equivalent rights as compensation, not an open-market trade. It is classified as a grant or award acquisition rather than a purchase or sale of Dana common stock on the open market.

How do the dividend equivalent rights for Dana Inc (DAN) become exercisable?

The dividend equivalent rights become exercisable proportionately with the restricted stock units to which they relate. As each underlying restricted stock unit vests, the corresponding dividend equivalent right, equal in value to one Dana common share, becomes exercisable as well.