DANA Inc (DAN) SVP Douglas Liedberg granted 212 dividend equivalent rights

Rhea-AI Filing Summary

Liedberg Douglas H reported acquisition or exercise transactions in this Form 4 filing.

DANA Inc reported that SVP and General Counsel Douglas H. Liedberg received a grant of 212 dividend equivalent rights tied to previously awarded restricted stock units. Each right represents the economic value of one share of common stock, bringing his total dividend equivalent rights to 4,098 held directly.

Insights

Equity compensation analyst

Routine equity-based compensation grant with no open-market trading.

Douglas H. Liedberg, an officer of DANA Inc, received 212 dividend equivalent rights as a compensation-related award. These rights mirror dividends on existing restricted stock units and are economically equivalent to common shares.

The rights vest and become exercisable in step with the underlying restricted stock units, so their value depends on those awards ultimately vesting. No cash was paid and there were no share sales, making this a standard, low-signal insider Form 4 event for investors.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Liedberg Douglas H

Role SVP, General Counsel and Secty

Type	Security	Shares	Price	Value
Grant/Award	Dividend Equivalent Rights	212	$0.00	--

Holdings After Transaction: Dividend Equivalent Rights — 4,098 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Dividend equivalent rights granted: 212 rights Total rights after transaction: 4,098 rights Grant price per right: $0.0000 +1 more

4 metrics

Dividend equivalent rights granted 212 rights Grant on 2026-05-29

Total rights after transaction 4,098 rights Holdings following 2026-05-29 grant

Grant price per right $0.0000 Compensation award, no cash paid

Underlying common stock 212 shares Each right equals one common share economically

Key Terms

Dividend Equivalent Rights, restricted stock units, economic equivalent, Common Stock, par value $0.01

4 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.

economic equivalent financial

"Each dividend equivalent right is the economic equivalent of one share of Dana common stock"

Common Stock, par value $0.01 financial

"underlying_security_title: Common Stock, par value $0.01"

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Form 4 Insider Transactions: What Each Field Means →

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^*

Liedberg Douglas H

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP, General Counsel and Secty

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)
			Code	V	Amount	(A) or (D)	Price

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Dividend Equivalent Rights	(1)	05/29/2026		A		212		(1)	(1)	Common Stock, par value $0.01	212	$0.0000	4,098	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 Douglas H. Liedberg	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)

FAQ

What insider transaction did DANA Inc (DAN) report for Douglas H. Liedberg?

DANA Inc reported that Douglas H. Liedberg received 212 dividend equivalent rights as a compensation grant. These rights are tied to previously granted restricted stock units and carry the economic value of one share of DANA common stock each.

Were any DANA Inc (DAN) shares bought or sold in this Form 4 filing?

No open-market purchases or sales occurred in this Form 4. The filing only shows a grant of 212 dividend equivalent rights, which are compensation-related awards that track dividends on existing restricted stock units rather than direct trading in DANA common shares.

How many dividend equivalent rights does the DANA Inc (DAN) officer hold after this transaction?

Following the grant, Douglas H. Liedberg holds 4,098 dividend equivalent rights directly. These rights become exercisable proportionately with the related restricted stock units and each right is the economic equivalent of one share of DANA common stock, according to the filing footnote.

What are dividend equivalent rights in the context of DANA Inc (DAN)?

Dividend equivalent rights at DANA Inc accrue on previously granted restricted stock units and mirror dividends paid on common stock. Each right is described as the economic equivalent of one share of DANA common stock and becomes exercisable proportionately with the related restricted stock units over time.

Does this DANA Inc (DAN) Form 4 indicate a change in insider sentiment?

The Form 4 reflects a routine award of 212 dividend equivalent rights as part of equity compensation, not a discretionary trade. Because there were no open-market buys or sells, the filing primarily documents compensation mechanics rather than signaling a change in insider sentiment.