Dana VP exercises 6,287 stock-based awards
DANA Inc VP & Chief Accounting Officer James D. Kellett exercised equity awards on July 23, 2026.
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Form Type
4
Rhea-AI Filing Summary
DANA Inc VP & Chief Accounting Officer James D. Kellett exercised equity awards on July 23, 2026. He converted 6,287 stock-based units (restricted stock units and dividend equivalent rights) into common shares at $0.00 per share, then had 1,799 shares withheld at $28.04 per share to satisfy tax obligations. Footnotes describe these awards as restricted stock units with dividend equivalent rights that vest in three equal annual installments beginning on the first anniversary of the grant.
Insider Trade Summary
6,287 shares exercised/converted
Exercise
5 txns
Insider
Kellett James D
Role
VP & Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Dividend Equivalent Rights F2 | 101 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F3, F4 | 6,186 | $0.00 | $0.00 |
| Exercise | Common Stock, par value $0.01 | 6,186 | $0.00 | $0.00 |
| Exercise | Common Stock, par value $0.01 | 101 | $0.00 | $0.00 |
| Tax Withholding | Common Stock, par value $0.01 F1 | 1,799 | $28.04 | $50K |
Holdings After Transaction:
Dividend Equivalent Rights — 606 contracts (Direct);
Restricted Stock Units — 12,006 contracts (Direct);
Common Stock, par value $0.01 — 10,662 shares (Direct)
Footnotes (4)
- F1. Represents the total number of shares of common stock withheld for the Reporting Person's tax obligation.
- F2. Dividend equivalent rights accrued on previously granted restricted stock units and become exercisable proportionately with the restricted stock units to which they relate, which have vested.
- F3. 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.
- F4. Restricted stock units granted vest in three (3) equal annual installments beginning on the first anniversary date of the grant.
Key Figures
Equity units exercised: 6,287 shares
Shares withheld for taxes: 1,799 shares
Tax withholding price: $28.04 per share
+2 more
5 metrics
Equity units exercised
6,287 shares
Total stock-based units converted to Dana common stock on July 23, 2026
Shares withheld for taxes
1,799 shares
Common shares withheld to satisfy Kellett’s tax obligation
Tax withholding price
$28.04 per share
Per-share value used for the 1,799 withheld shares
Dividend equivalent rights remaining
606 rights
Dividend equivalent rights on Dana common stock after transactions
Restricted stock units remaining
12,006 units
RSUs outstanding for Kellett following the July 23, 2026 vesting and conversion
Key Terms
Dividend equivalent rights, Restricted stock units, tax obligation
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
"Each restricted stock unit granted represents the right to receive one share"
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.
tax obligation financial
"shares of common stock withheld for the Reporting Person's tax obligation"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Dana Inc (DAN) report for James D. Kellett?
Dana reported that VP & Chief Accounting Officer James D. Kellett exercised 6,287 equity units into common shares and had 1,799 shares withheld at $28.04 per share to cover tax obligations on July 23, 2026.
How many Dana Inc (DAN) stock-based units did Kellett convert on July 23, 2026?
On July 23, 2026, Kellett converted 6,287 stock-based units, including restricted stock units and dividend equivalent rights, into an equal number of Dana common shares at an exercise price of $0.00 per share.
What are the remaining Dana Inc (DAN) dividend equivalent rights reported for Kellett?
After the reported transactions, Kellett holds 606 dividend equivalent rights tied to Dana common stock. These rights accrue on previously granted restricted stock units and become exercisable proportionately with the related units as they vest.
How many restricted stock units remain outstanding for Kellett at Dana Inc (DAN)?
Following the July 23, 2026 activity, Kellett has 12,006 restricted stock units outstanding. Footnotes state each unit represents the right to receive one share of Dana common stock or cash of equal market value.
How do Kellett’s Dana Inc (DAN) restricted stock units vest according to the filing?
The footnotes explain that Kellett’s restricted stock units vest in three equal annual installments, beginning on the first anniversary date of the grant, and each unit includes associated dividend equivalent rights.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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