Dana (NYSE: DAN) director receives grant of dividend equivalent rights

Rhea-AI Filing Summary

DANA Inc director Nora E. LaFreniere reported a compensation-related grant of derivative awards linked to company stock. She received 18 dividend equivalent rights on May 29, 2026, each tied to previously granted restricted stock units and economically equal to one share of Dana common stock. Following this grant, she held 39 dividend equivalent rights in total. These awards carry a zero dollar exercise price and become exercisable proportionately with the underlying restricted stock units, and do not reflect any open-market buying or selling of Dana shares.

Insights

Equity compensation analyst

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

The filing shows director Nora E. LaFreniere received 18 dividend equivalent rights, which mirror dividends on previously granted restricted stock units. These rights are the economic equivalent of Dana common stock but have a $0.00 exercise price and vest with the related RSUs.

This is standard board compensation mechanics rather than an active investment decision. There are no buys or sells in the open market, and the total holding of 39 dividend equivalent rights is small relative to typical director equity programs, so the informational value for trading sentiment is limited.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider LaFreniere Nora E.

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 Exercise price per right: $0.00 +1 more

4 metrics

Dividend equivalent rights granted 18 rights Grant to director on May 29, 2026

Total dividend equivalent rights after grant 39 rights Holdings following reported transaction

Exercise price per right $0.00 Dividend equivalent rights grant

Underlying common stock equivalence 18 shares Each right equals one Dana common share economically

Key Terms

Dividend equivalent rights, restricted stock units, economic equivalent

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.

economic equivalent financial

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

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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^*

LaFreniere Nora E.

(Last) (First) (Middle)

ONE CARRIER PLACE

(Street)

FARMINGTON CONNECTICUT 06032

(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 Nora E. LaFreniere	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 Nora E. LaFreniere?

DANA Inc reported that director Nora E. LaFreniere received 18 dividend equivalent rights on May 29, 2026. These are compensation-related derivative awards tied to existing restricted stock units, not open-market purchases or sales of Dana common stock.

How many dividend equivalent rights does Nora E. LaFreniere hold after this Form 4 for DANA Inc (DAN)?

After the reported grant, Nora E. LaFreniere holds 39 dividend equivalent rights. These rights track dividends on previously granted restricted stock units and are economically equivalent to Dana common stock, vesting proportionately with the underlying restricted stock units over time.

Did the DANA Inc (DAN) Form 4 show Nora E. LaFreniere buying or selling stock in the market?

No, the Form 4 did not show any open-market buys or sells by Nora E. LaFreniere. It only disclosed an acquisition coded as “A,” representing a grant of dividend equivalent rights as part of her equity compensation, with a transaction price of $0.00 per right.

What are dividend equivalent rights in the DANA Inc (DAN) Form 4 filing?

Dividend equivalent rights in this filing are awards that accrue on previously granted restricted stock units. Each right is the economic equivalent of one share of Dana common stock and becomes exercisable proportionately as the related restricted stock units vest, effectively mirroring cash dividends on the underlying shares.

How is the exercise price structured for the DANA Inc (DAN) dividend equivalent rights?

The dividend equivalent rights granted to Nora E. LaFreniere have an exercise price of $0.00 per right. This means she does not pay cash to realize their value, which instead reflects the economic equivalent of dividends on Dana common stock tied to her restricted stock units.