DANA Inc (NYSE: DAN) director awarded 18 dividend equivalent rights tied to RSUs

Rhea-AI Filing Summary

Mack Michael J reported acquisition or exercise transactions in this Form 4 filing.

DANA Inc director Michael J. Mack reported a compensation-related award of 18 Dividend Equivalent Rights tied to existing restricted stock units as of May 29, 2026. Following this award, he holds 39 Dividend Equivalent Rights in total.

Each Dividend Equivalent Right is the economic equivalent of one share of DANA common stock and accrues on previously granted restricted stock units. These rights become exercisable proportionately with the related restricted stock units, aligning their value with future dividend payments on the company’s common shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Mack Michael J

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)

1. [object Object]

Key Figures

Dividend Equivalent Rights granted: 18 rights Total Dividend Equivalent Rights after grant: 39 rights Transaction price per right: $0.0000 +1 more

4 metrics

Dividend Equivalent Rights granted 18 rights Award to director Michael J. Mack on May 29, 2026

Total Dividend Equivalent Rights after grant 39 rights Holdings following reported transaction

Transaction price per right $0.0000 Grant price for Dividend Equivalent Rights

Underlying common stock equivalence 1 share per right Each right equals one share of DANA common stock economically

Key Terms

Dividend Equivalent Rights, restricted stock units, economic equivalent, common stock

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

"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.

economic equivalent financial

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

common stock financial

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

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

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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^*

Mack Michael J

(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)
			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		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 Michael J. Mack, Jr.	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 Michael J. Mack?

DANA Inc reported that director Michael J. Mack received 18 Dividend Equivalent Rights as a grant. These rights are part of his equity-based compensation and are tied to previously granted restricted stock units in the company’s common stock.

How many Dividend Equivalent Rights does Michael J. Mack hold after this Form 4 at DANA (DAN)?

After this transaction, Michael J. Mack holds 39 Dividend Equivalent Rights in total. The 18 new rights were added to an existing balance, and each right represents the economic equivalent of one share of DANA common stock.

What are Dividend Equivalent Rights in the context of DANA Inc (DAN)?

Dividend Equivalent Rights are compensation instruments that mirror dividends on DANA common stock. They accrue on previously granted restricted stock units and are economically equal to one share, becoming exercisable as the related restricted stock units vest over time.

Were the DANA Inc (DAN) Dividend Equivalent Rights an open-market purchase or a grant?

The 18 Dividend Equivalent Rights reported for Michael J. Mack were a grant, not an open-market purchase. They were awarded at a price of $0.0000 per right as part of his equity-based compensation package.

Do the Dividend Equivalent Rights for DANA (DAN) have an exercise or expiration date?

The Form 4 shows placeholder dates for exercise and expiration, while the footnote explains these rights become exercisable proportionately with the underlying restricted stock units. Their practical timing is therefore linked to the vesting schedule of those restricted stock units.

How do the DANA Inc (DAN) Dividend Equivalent Rights relate to restricted stock units?

These Dividend Equivalent Rights accrue on previously granted restricted stock units and track dividends on DANA common stock. They become exercisable in proportion to the vesting of the related restricted stock units, aligning additional value with long-term equity incentives.