DANA Inc (DAN) CEO awarded 625 dividend equivalent rights tied to RSUs
Filing Impact
Filing Sentiment
Form Type
4
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
1 transaction reported
Mixed
1 txn
Insider
McDonald R Bruce
Role
Chairman & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Dividend Equivalent Rights | 625 | $0.00 | -- |
Holdings After Transaction:
Dividend Equivalent Rights — 1,326 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Dividend Equivalent Rights granted: 625 rights
Dividend Equivalent Rights after grant: 1,326 rights
Underlying common stock equivalent: 625 shares
+1 more
4 metrics
Dividend Equivalent Rights granted
625 rights
Grant to Chairman & CEO on 2026-05-29
Dividend Equivalent Rights after grant
1,326 rights
Total directly held following transaction
Underlying common stock equivalent
625 shares
Each right equals one share of Dana common stock
Transaction price per right
$0.0000
Compensation grant, not a market purchase
Key Terms
Dividend Equivalent Rights, restricted stock units, Dana common stock
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.
Dana common stock financial
"Each dividend equivalent right is the economic equivalent of one share of Dana common stock"
FAQ
What did DANA Inc (DAN) report in this Form 4 filing for R. Bruce McDonald?
DANA Inc reported that Chairman & CEO R. Bruce McDonald received 625 Dividend Equivalent Rights as a grant. These awards relate to previously granted restricted stock units and increase his total Dividend Equivalent Rights holdings to 1,326, representing additional equity-based compensation rather than a market purchase.
What are Dividend Equivalent Rights in the DANA Inc (DAN) Form 4 filing?
Dividend Equivalent Rights are awards that accrue on previously granted restricted stock units and mirror dividends on common shares. Each right in this filing is the economic equivalent of one share of Dana common stock and becomes exercisable proportionately with the related restricted stock units over time.
How many Dividend Equivalent Rights were granted to the DANA Inc (DAN) CEO?
R. Bruce McDonald received a grant of 625 Dividend Equivalent Rights in this transaction. According to the filing, each right corresponds economically to one share of Dana common stock, bringing his total directly held Dividend Equivalent Rights position to 1,326 after the grant.
How do the granted Dividend Equivalent Rights relate to DANA Inc (DAN) restricted stock units?
The Dividend Equivalent Rights accrue on previously granted restricted stock units and follow their vesting. The filing states they become exercisable proportionately with the underlying restricted stock units, so their economic benefit tracks the same schedule as those equity awards for DANA Inc’s CEO.