Dana Inc (DAN) grants 2,840 restricted stock units to accounting chief
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Dana Inc. reported that VP & Chief Accounting Officer James D. Kellett received a grant of 2,840 restricted stock units on February 6, 2026 under the Dana Incorporated 2021 Omnibus Incentive Plan.
Each unit represents the right to receive one share of Dana common stock or, at Dana’s election, cash equal to the share’s market value, and includes dividend equivalent rights. The units vest in three equal annual installments beginning on the first anniversary of the grant date, aligning a portion of Kellett’s compensation with long-term shareholder value.
Positive
- None.
Negative
- None.
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 | Restricted Stock Units | 2,840 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 2,840 shares (Direct)
Footnotes (1)
- Restricted stock units granted pursuant to the Dana Incorporated 2021 Omnibus Incentive Plan. 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. Restricted stock units granted vest in three (3) equal annual installments beginning on the first anniversary date of the grant.
FAQ
What insider transaction did Dana Inc (DAN) report for James D. Kellett?
Dana Inc reported that VP & Chief Accounting Officer James D. Kellett received 2,840 restricted stock units on February 6, 2026. The award comes under the 2021 Omnibus Incentive Plan and represents equity-based compensation tied to Dana’s common stock performance over time.
How many restricted stock units did Dana Inc (DAN) grant to its VP & Chief Accounting Officer?
Dana Inc granted 2,840 restricted stock units to VP & Chief Accounting Officer James D. Kellett. These units give a right to receive an equal number of Dana common shares or equivalent cash, subject to vesting conditions, effectively increasing his equity-linked compensation stake.
When do the new Dana Inc (DAN) restricted stock units for James D. Kellett vest?
The restricted stock units granted to James D. Kellett vest in three equal annual installments. Vesting starts on the first anniversary of the February 6, 2026 grant date, spreading the award over three years and encouraging longer-term alignment with Dana’s business performance.
What does each Dana Inc (DAN) restricted stock unit granted to James D. Kellett represent?
Each restricted stock unit represents the right to receive one share of Dana common stock or, at Dana’s election, cash equal to that share’s market value. The units also include dividend equivalent rights, mirroring dividends that would be paid on the underlying shares during the restriction period.
Does James D. Kellett’s Dana Inc (DAN) RSU grant include dividend equivalents?
Yes. Each restricted stock unit granted to James D. Kellett contains dividend equivalent rights. That means he is credited with the economic value of dividends declared on Dana common shares for the units during the vesting period, enhancing the overall compensation value of the award.
Under which plan were the Dana Inc (DAN) restricted stock units granted to James D. Kellett?
The 2,840 restricted stock units for James D. Kellett were granted under the Dana Incorporated 2021 Omnibus Incentive Plan. This plan authorizes equity-based awards such as restricted stock units to align executives and key employees with the long-term performance of Dana’s common stock.