Dana director granted 21 dividend rights

The acquisition adds 21 Dividend Equivalent Rights, boosting Diarmuid B. O’Connell’s directly held total to 60 tied to Dana common stock.

Rhea-AI Filing Summary

DANA Inc (DAN) director Diarmuid B. O’Connell reported an acquisition of 21 Dividend Equivalent Rights on August 28, 2026, related to previously granted restricted stock units. Each right is the economic equivalent of one share of Dana common stock, bringing his directly held Dividend Equivalent Rights to 60.

Insider Trade Summary

Grant/Award: 21 shares

Grant/Award 1 txn

Insider OConnell Diarmuid B.

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Dividend Equivalent Rights F1	21	$0.00	$0.00

Holdings After Transaction: Dividend Equivalent Rights — 60 contracts (Direct)

Footnotes (1)

1. F1. 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.

Key Figures

Dividend Equivalent Rights acquired: 21 rights Dividend Equivalent Rights owned after transaction: 60 rights Reported price per Dividend Equivalent Right: $0.00 per right +1 more

4 metrics

Dividend Equivalent Rights acquired 21 rights Grant/award acquisition on August 28, 2026

Dividend Equivalent Rights owned after transaction 60 rights Direct holdings of Diarmuid B. O’Connell after the award

Reported price per Dividend Equivalent Right $0.00 per right Grant/award acquisition on August 28, 2026

Underlying common stock per right 1 share equivalent per right Each Dividend Equivalent Right is the economic equivalent of one share of Dana common stock

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

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

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"

FAQ

What insider transaction did DANA Inc (DAN) report for Diarmuid B. O’Connell?

DANA Inc reported that director Diarmuid B. O’Connell acquired 21 Dividend Equivalent Rights on August 28, 2026, as a grant or award related to previously granted restricted stock units. Each right is economically equivalent to one share of Dana common stock.

How many Dividend Equivalent Rights does the DANA Inc (DAN) director hold after this Form 4 transaction?

After the reported transaction, Diarmuid B. O’Connell holds a total of 60 Dividend Equivalent Rights directly. These rights are tied to restricted stock units and are each the economic equivalent of one share of Dana common stock.

What is a Dividend Equivalent Right in the context of DANA Inc (DAN)?

For DANA Inc, the filing states that Dividend Equivalent Rights accrue on previously granted restricted stock units and become exercisable proportionately with those units. Each right is described as the economic equivalent of one share of Dana common stock.

Did Diarmuid B. O’Connell buy or sell DANA Inc (DAN) common stock on the market?

No market purchase or sale is reported. The Form 4 shows a grant/award acquisition of 21 Dividend Equivalent Rights with a reported price of $0.00 per right, rather than an open-market trade in common stock.

Was the DANA Inc (DAN) insider transaction made under a Rule 10b5-1 trading plan?

The filing’s Rule 10b5-1 checkbox is not affirmed (set to false), so there is no indication in this report that the acquisition of Dividend Equivalent Rights was made under a Rule 10b5-1 trading plan.

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Available on EDGAR 09/02/2026 - 09:25 AM Accepted by SEC EDGAR 09/02/2026 - 09:24 AM Learn about SEC filing dates

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^*

OConnell Diarmuid B.

(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)
08/28/2026

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)	08/28/2026		A		21		(1)	(1)	Common Stock, par value $0.01	21	$0.0000	60	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 Diarmuid B. O'Connell	09/02/2026
	** 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)