Dana (NYSE: DAN) director granted 21 dividend equivalent rights tied to RSUs

Rhea-AI Filing Summary

LaFreniere Nora E. reported acquisition or exercise transactions in this Form 4 filing.

DANA Inc director Nora E. LaFreniere received a grant of 21 dividend equivalent rights tied to existing restricted stock units. These rights were awarded on March 20, 2026 and give her the economic value of 21 shares of Dana common stock. Following the award, she holds 21 dividend equivalent rights directly.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider LaFreniere Nora E.

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Dividend Equivalent Rights	21	$0.00	--

Holdings After Transaction: Dividend Equivalent Rights — 21 shares (Direct)

Footnotes (1)

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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)
03/20/2026

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)	03/20/2026		A		21		(1)	(1)	Common Stock, par value $0.01	21	$0.0000	21	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	03/24/2026
	** 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 a grant of 21 dividend equivalent rights. These rights relate to previously granted restricted stock units and provide the economic value of 21 shares of Dana common stock when the linked units vest.

What are the dividend equivalent rights granted to DANA Inc director Nora LaFreniere?

Nora LaFreniere was granted 21 dividend equivalent rights, each economically equal to one Dana common share. They accrue on previously granted restricted stock units and become exercisable proportionately as those restricted stock units vest over time, mirroring regular dividend value.

Is the DANA Inc Form 4 transaction a stock purchase or sale?

The Form 4 transaction is not a stock purchase or sale. It is an acquisition of 21 dividend equivalent rights as a grant or award, reflecting routine equity-based compensation rather than an open-market trade in DANA Inc common stock.

How many securities does Nora LaFreniere hold after this DANA Inc Form 4 transaction?

After the reported transaction, Nora LaFreniere holds 21 dividend equivalent rights. These rights correspond to 21 underlying shares of Dana common stock in economic terms and are connected to her previously granted restricted stock units at DANA Inc.

How do the dividend equivalent rights for DANA Inc director vest or become exercisable?

The dividend equivalent rights become exercisable proportionately with the restricted stock units to which they relate. As each portion of the previously granted restricted stock units vests, the corresponding dividend equivalent rights tied to those units also become exercisable for Nora LaFreniere.

Does DANA Inc receive cash from Nora LaFreniere’s dividend equivalent rights grant?

DANA Inc does not receive cash from this grant. The Form 4 shows a compensation-related award of 21 dividend equivalent rights at a stated price of zero, representing an equity-based benefit rather than a cash transaction between the company and the director.