DANA Inc (DAN) director awarded 18 Dividend Equivalent Rights tied to RSUs

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

OConnell Diarmuid B. reported acquisition or exercise transactions in this Form 4 filing.

DANA Inc director Diarmuid B. O'Connell received a grant of 18 Dividend Equivalent Rights on Dana common stock. These rights accrued on previously granted restricted stock units and are the economic equivalent of 18 shares of common stock, vesting proportionately as the related restricted stock units vest. Following this award, he holds 39 Dividend Equivalent Rights directly.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider OConnell Diarmuid B.

Role null

Type	Security	Shares	Price	Value
Grant/Award	Dividend Equivalent Rights	18	$0.00	--

Holdings After Transaction: Dividend Equivalent Rights — 39 shares (Direct, null)

Footnotes (1)

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Key Figures

Dividend Equivalent Rights granted: 18 rights Dividend Equivalent Rights after transaction: 39 rights Underlying common stock equivalent: 18 shares +1 more

4 metrics

Dividend Equivalent Rights granted 18 rights Grant on 2026-05-29 as compensation

Dividend Equivalent Rights after transaction 39 rights Total derivative holdings following grant

Underlying common stock equivalent 18 shares Each right equals one Dana common share

Transaction price per right $0.00 per right Grant/award with no purchase price

Key Terms

Dividend Equivalent Rights, restricted stock units, derivative

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.

derivative financial

"transaction_type: derivative"

A derivative is a financial contract whose value depends on the price or performance of another asset or measure — for example a stock, index, interest rate, commodity, or currency. Investors use derivatives like insurance or leveraged bets to hedge risk, speculate, or gain exposure without owning the underlying asset; they can protect portfolios but also amplify losses and introduce counterparty and market risk.

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Form 4 Insider Transactions: What Each Field Means →

06/02/2026 - 04:28 PM

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)
05/29/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Dividend Equivalent Rights	⁽¹⁾	05/29/2026		A		18		⁽¹⁾	⁽¹⁾	Common Stock, par value $0.01	18	$0.0000	39	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	06/02/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

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

DANA Inc reported that director Diarmuid B. O'Connell received 18 Dividend Equivalent Rights. These are compensation-related derivative awards tied to previously granted restricted stock units, not an open-market stock purchase or sale.

What are Dividend Equivalent Rights in the DANA Inc (DAN) Form 4?

Dividend Equivalent Rights are awards that accrue on restricted stock units and mirror cash dividends. Each right is the economic equivalent of one Dana common share and becomes exercisable in proportion to the related restricted stock units.

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

After this transaction, the DANA Inc director holds 39 Dividend Equivalent Rights. The new award added 18 rights, bringing his total to 39, all held as a derivative position tied to restricted stock units.

Was the DANA Inc (DAN) Form 4 transaction an open-market trade?

No, the DANA Inc Form 4 transaction was not an open-market trade. It reflects a grant or award acquisition of Dividend Equivalent Rights as part of equity compensation, rather than a market purchase or sale of common shares.

How do the Dividend Equivalent Rights for DANA Inc (DAN) vest over time?

The Dividend Equivalent Rights vest proportionately with the underlying restricted stock units. As each portion of the restricted stock units becomes exercisable, the related Dividend Equivalent Rights also become exercisable on the same schedule, maintaining alignment with the original grant.