DANA Inc (DAN) CFO receives 455 dividend equivalent rights tied to RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Kraus Timothy R reported acquisition or exercise transactions in this Form 4 filing.
DANA Inc Senior Vice President and Chief Financial Officer Timothy R. Kraus received a grant of 455 dividend equivalent rights tied to previously awarded restricted stock units. Each right is economically equivalent to one share of Dana common stock, bringing his directly held dividend equivalent rights to 7,249.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Kraus Timothy R
Role
SVP & Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Dividend Equivalent Rights | 455 | $0.00 | -- |
Holdings After Transaction:
Dividend Equivalent Rights — 7,249 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did DANA Inc (DAN) disclose for Timothy R. Kraus?
DANA Inc reported that CFO Timothy R. Kraus received a grant of 455 dividend equivalent rights. These rights accrued on previously granted restricted stock units and mirror common stock value, increasing his directly held dividend equivalent rights position to 7,249 after the award.
What are dividend equivalent rights in the DANA Inc (DAN) Form 4 filing?
Dividend equivalent rights are awards that track dividends on underlying restricted stock units. For Dana, each right is the economic equivalent of one share of common stock, becoming exercisable proportionately as the related restricted stock units vest over time.
Did the DANA Inc (DAN) CFO buy or sell stock in this Form 4?
The Form 4 shows no open-market buying or selling by the CFO. Instead, Timothy R. Kraus acquired 455 dividend equivalent rights as a compensation-related grant, with no cash price per right and no share disposals reported in this filing.
How many dividend equivalent rights does the DANA Inc (DAN) CFO hold after this transaction?
Following the grant, Timothy R. Kraus directly holds 7,249 dividend equivalent rights. This total reflects the newly awarded 455 rights added to his prior balance, all economically linked to Dana common stock through previously granted restricted stock units.
How are the DANA Inc (DAN) dividend equivalent rights linked to restricted stock units?
The dividend equivalent rights accrued on previously granted restricted stock units. They become exercisable in proportion to those restricted stock units and each right is designed to provide the economic equivalent of one Dana common share as the units vest.