DANA (NYSE: DAN) executive awarded 333 dividend equivalent rights as compensation

Rhea-AI Filing Summary

Foster Byron S. reported acquisition or exercise transactions in this Form 4 filing.

DANA Inc executive Byron S. Foster, President of Light Vehicle Drive Systems, received a grant of 333 Dividend Equivalent Rights tied to previously granted restricted stock units. Each right is economically equivalent to one share of DANA common stock. Following this compensation-related award, he holds 5,117 Dividend Equivalent Rights in total.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Foster Byron S.

Role Pres, Light Veh Drive Systems

Type	Security	Shares	Price	Value
Grant/Award	Dividend Equivalent Rights	333	$0.00	--

Holdings After Transaction: Dividend Equivalent Rights — 5,117 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^*

Foster Byron S.

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Pres, Light Veh Drive Systems

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		333		(1)	(1)	Common Stock, par value $0.01	333	$0.0000	5,117	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 Byron S. Foster	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 (DAN) report for Byron S. Foster?

DANA reported that executive Byron S. Foster received a grant of 333 Dividend Equivalent Rights. These rights were awarded as part of his compensation and are tied to previously granted restricted stock units, with each right equal in value to one share of DANA common stock.

What are Dividend Equivalent Rights in the DANA (DAN) Form 4 filing?

Dividend Equivalent Rights are compensation instruments that mirror the value of dividends on underlying shares. In DANA’s case, each right is the economic equivalent of one share of common stock and accrues on previously granted restricted stock units, becoming exercisable proportionately with those units.

How many Dividend Equivalent Rights does the DANA (DAN) executive hold after this transaction?

After receiving 333 additional Dividend Equivalent Rights, the DANA executive holds a total of 5,117 such rights. This figure reflects all Dividend Equivalent Rights reported for him following the latest grant disclosed in this Form 4 insider transaction filing.

Was the DANA (DAN) insider transaction a market purchase or sale?

The DANA insider transaction was not a market purchase or sale. It was a grant of 333 Dividend Equivalent Rights as compensation, reported under transaction code "A" for grant or award, rather than an open-market buy or sell of company shares.

How are the DANA (DAN) Dividend Equivalent Rights linked to restricted stock units?

The Dividend Equivalent Rights accrue on previously granted restricted stock units and become exercisable proportionately with those units. For DANA, each right is tied to the same schedule as the underlying restricted stock, preserving economic equivalence to owning one share of common stock per right.

Does the DANA (DAN) Form 4 suggest a change in the executive’s ownership strategy?

The Form 4 reflects a routine compensation grant of 333 Dividend Equivalent Rights, not a strategic trade. It shows additional derivative-based compensation rather than an open-market decision to buy or sell DANA shares, so it mainly updates reported holdings of this compensation instrument.