Dana Inc (NYSE: DAN) officer granted 101 dividend equivalent rights as compensation

Rhea-AI Filing Summary

Kellett James D reported acquisition or exercise transactions in this Form 4 filing.

DANA Inc reported that VP & Chief Accounting Officer James D. Kellett received a grant of 101 Dividend Equivalent Rights on May 29, 2026. These rights accrue on previously granted restricted stock units and are economically equivalent to shares of Dana common stock. Following this award, Kellett holds 707 Dividend Equivalent Rights directly. This is a compensation-related, non‑market transaction rather than an open-market trade.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Kellett James D

Role VP & Chief Accounting Officer

Type	Security	Shares	Price	Value
Grant/Award	Dividend Equivalent Rights	101	$0.00	--

Holdings After Transaction: Dividend Equivalent Rights — 707 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Dividend Equivalent Rights granted: 101 rights Total Dividend Equivalent Rights after grant: 707 rights Underlying common stock equivalent: 1 share per right +2 more

5 metrics

Dividend Equivalent Rights granted 101 rights Grant on May 29, 2026 to VP & Chief Accounting Officer

Total Dividend Equivalent Rights after grant 707 rights Holdings following reported Form 4 transaction

Underlying common stock equivalent 1 share per right Each right is economic equivalent of one Dana common share

Transaction price per right $0.00 Compensation grant, no cash paid by insider

Underlying security shares 101 shares Underlying common stock tied to the new rights

Key Terms

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

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.

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^*

Kellett James D

(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)
	VP & Chief Accounting Officer

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		101		(1)	(1)	Common Stock, par value $0.01	101	$0.0000	707	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 James D. Kellett	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 James D. Kellett?

DANA Inc reported that James D. Kellett received 101 Dividend Equivalent Rights on May 29, 2026. These rights are tied to previously granted restricted stock units and represent compensation, not an open-market purchase or sale of DANA Inc common stock.

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

Dividend Equivalent Rights are instruments that accrue on restricted stock units and mirror dividends on common shares. For DANA Inc, each right is economically equivalent to one share of common stock and becomes exercisable proportionately with the related restricted stock units.

How many Dividend Equivalent Rights does James D. Kellett hold after this DANA Inc (DAN) transaction?

After the May 29, 2026 grant, James D. Kellett holds 707 Dividend Equivalent Rights. This total reflects his accumulated rights tied to previously granted restricted stock units and includes the 101 new rights reported in this Form 4 filing.

Was the DANA Inc (DAN) Form 4 transaction an open-market buy or sell?

No, the DANA Inc Form 4 shows a grant classified as an acquisition under code A, not an open-market trade. The 101 Dividend Equivalent Rights were awarded as part of compensation linked to restricted stock units rather than being bought or sold in the market.

How do Dividend Equivalent Rights relate to DANA Inc (DAN) common stock?

Each Dividend Equivalent Right reported for DANA Inc is the economic equivalent of one share of common stock. They accrue based on dividends paid and become exercisable in proportion to the underlying restricted stock units to which they relate, aligning with common stock performance.