DANA CEO granted 625 dividend equivalent rights
McDonald R Bruce reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
McDonald R Bruce reported acquisition or exercise transactions in this Form 4 filing.
DANA Inc Chairman & CEO R. Bruce McDonald received a grant of 625 Dividend Equivalent Rights. These rights are tied to previously granted restricted stock units and are the economic equivalent of 625 shares of Dana common stock. Following this compensation-related award, his directly held Dividend Equivalent Rights total 1,326. The rights become exercisable in step with the underlying restricted stock units, so this reflects routine equity-based compensation rather than an open-market transaction.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Dividend Equivalent Rights | 625 | $0.00 | $0.00 |
Footnotes (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
Key Terms
Dividend Equivalent Rights financial
restricted stock units financial
Dana common stock financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did DANA Inc (DAN) report in this Form 4 filing for R. Bruce McDonald?
What are Dividend Equivalent Rights in the DANA Inc (DAN) Form 4 filing?
How many Dividend Equivalent Rights were granted to the DANA Inc (DAN) CEO?
How do the granted Dividend Equivalent Rights relate to DANA Inc (DAN) restricted stock units?
AI-generated analysis. How Rhea-AI works. Not financial advice.