DANA Inc (DAN) director receives 18 dividend equivalent rights as equity award

Rhea-AI Filing Summary

Karlin Bridget E reported acquisition or exercise transactions in this Form 4 filing.

DANA Inc director Bridget E. Karlin reported a routine compensation-related transaction involving derivative securities. She received a grant of 18 dividend equivalent rights on May 29, 2026, bringing her total holdings of these rights to 39.

The footnote explains that these dividend equivalent rights accrued on previously granted restricted stock units and become exercisable in step with those units. Each right is the economic equivalent of one share of DANA common stock, providing stock-linked value rather than an immediate cash transaction.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Karlin Bridget 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 Transaction price per right: $0.0000 +2 more

5 metrics

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

Total dividend equivalent rights after grant 39 rights Holdings following transaction

Transaction price per right $0.0000 Grant/award acquisition price

Conversion or exercise price $0.0000 Dividend equivalent rights

Underlying security shares 18 shares Common Stock, par value $0.01

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^*

Karlin Bridget E

(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 Bridget E. Karlin	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 Bridget E. Karlin?

DANA Inc reported that director Bridget E. Karlin received 18 dividend equivalent rights on May 29, 2026. These rights are tied to previously granted restricted stock units and increase her total holdings of such rights to 39.

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

Dividend equivalent rights are derivatives that mirror dividends on underlying shares. In this filing, each right is the economic equivalent of one share of DANA common stock and accrues on previously granted restricted stock units, vesting proportionately with those units.

Was the DANA Inc (DAN) Form 4 transaction a stock purchase or sale?

The transaction was neither a market purchase nor a sale. It was an acquisition coded as a grant or award of 18 dividend equivalent rights, reflecting compensation tied to existing restricted stock units rather than open-market trading activity.

How many dividend equivalent rights does the DANA Inc (DAN) director hold after this Form 4?

After the reported transaction, the director holds a total of 39 dividend equivalent rights. These rights correspond economically to 39 shares of DANA common stock and vest alongside the underlying restricted stock units referenced in the footnote.

Do the dividend equivalent rights in the DANA Inc (DAN) Form 4 have an exercise price?

The Form 4 shows a transaction price and conversion or exercise price of $0.0000 per right. This indicates the 18 dividend equivalent rights were granted without a cash exercise price as part of the director’s equity-based compensation package.