[Form 4] Dana Incorporated Insider Trading Activity

Rhea-AI Filing Summary

Michael J. Mack, Jr., a director of Dana Incorporated (DAN), received 50 shares of common stock as dividend equivalent rights tied to previously granted restricted stock units. The transaction was recorded with an execution date of 08/29/2025 and a $0.0000 price, reflecting that the shares were issued as dividend equivalents rather than a market purchase. After the issuance, the reporting person beneficially owned 182 shares directly. The filing was signed on behalf of Mr. Mack on 09/02/2025. The form notes that each dividend equivalent right is the economic equivalent of one share and vests proportionately with the underlying restricted stock units.

Insights

Financial Analyst

TL;DR: A small, non-cash grant of 50 shares via dividend equivalents increased direct holdings to 182 shares; immaterial to company valuation.

The filing documents a routine issuance of 50 dividend-equivalent shares tied to existing restricted stock units for a board director. The transaction carries no cash consideration (price shown as $0.0000) and appears to be an administrative accrual converting dividend equivalents into shares. Given the modest size—50 shares—the impact on outstanding shares and investor valuation is negligible. This is consistent with standard equity compensation mechanics for executives and directors.

Corporate Governance Expert

TL;DR: Director received equity-linked compensation consistent with typical RSU dividend-equivalent treatment; disclosure is routine and compliant.

The Form 4 timely discloses the conversion of dividend equivalent rights into common stock and reports post-transaction beneficial ownership of 182 shares. The filing indicates individual reporting and includes an explanatory note clarifying the economic equivalence to common shares. There are no indications of unusual timing or related-party transactions beyond normal equity compensation practices.

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

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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^*

Mack Michael J

(Last) (First) (Middle)

3939 TECHNOLOGY DRIVE

(Street)

MAUMEE OH 43537

(City) (State) (Zip)

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)

3. Date of Earliest Transaction (Month/Day/Year)
08/29/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)	08/29/2025		A		50		(1)	(1)	Common Stock, par value $0.01	50	$0.0000	182	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 Michael J. Mack, Jr.	09/02/2025
	** 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.

FAQ

What did Michael J. Mack, Jr. report on Form 4 for Dana Incorporated (DAN)?

He reported receipt of 50 shares as dividend equivalent rights related to previously granted restricted stock units, dated 08/29/2025.

How many Dana (DAN) shares does the reporting person own after this transaction?

The filing reports 182 shares beneficially owned following the reported transaction.

Was there any cash paid for the shares in this Form 4 filing (DAN)?

No cash was paid; the price is listed as $0.0000, reflecting issuance as dividend equivalents.

What is the nature of the securities issued in this Dana Form 4?

They are common stock issued as dividend equivalent rights that vest proportionately with underlying restricted stock units.

Who signed the Form 4 on behalf of the reporting person for DAN?

The form was signed by Laura L. Aossey on behalf of Michael J. Mack, Jr., dated 09/02/2025.