[Form 4] Dana Incorporated Insider Trading Activity

Rhea-AI Filing Summary

Craig C. Price, SVP & President Off-Highway Drive at Dana Inc. (DAN), reported an acquisition on 08/29/2025 of 514 dividend equivalent rights tied to previously granted restricted stock units. Each dividend equivalent right is the economic equivalent of one share of Dana common stock and vests/exercises proportionately with the related restricted stock units. After this reported transaction, Mr. Price beneficially owns 2,837 shares of Dana common stock in a direct ownership form. The Form 4 was signed on behalf of the reporting person on 09/02/2025.

Positive

• Disclosure transparency: Form 4 provides clear details on the nature of the transaction and resulting beneficial ownership.
• Increased direct stake: Reporting persons direct beneficial ownership increased to 2,837 shares, aligning executive compensation with shareholder interests.

Negative

• None.

Insights

Financial Analyst

TL;DR: A routine insider accrual of dividend-equivalent rights modestly increases direct holdings; this is a neutral, non-cash compensation event.

The reported 514 dividend equivalent rights represent the economic entitlement to shares tied to existing restricted stock units, not a market purchase or sale. For investors, this is primarily a compensation accounting event that modestly raises the executive's direct stake to 2,837 shares. There is no cash transfer, no exercise price, and no new option issuance, so the immediate dilution or cash flow impact on the company is negligible. Overall, this disclosure is standard for executive equity compensation and has limited market impact.

Corporate Governance Expert

TL;DR: Insider disclosure follows Section 16 reporting norms; transaction arises from existing RSU plan and conveys dividend-equivalent economic rights.

The Form 4 clearly states the nature of the accrual: dividend equivalent rights that vest and become exercisable alongside the underlying restricted stock units. This is consistent with typical equity compensation governance practices and transparency requirements. The filing identifies the reporting person, role, and direct ownership after the accrual, which supports accurate public disclosure of insider holdings. No governance red flags—such as untimely reporting or unusual derivatives—are evident in the submission.

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
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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^*

Price Craig C

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP & Pres Off-Highway Drive

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		514		(1)	(1)	Common Stock, par value $0.01	514	$0.0000	2,837	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 Craig C. Price	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 Craig C. Price report on Form 4 for DAN?

He reported the acquisition of 514 dividend equivalent rights related to previously granted restricted stock units, reported as of 08/29/2025.

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

After the reported transaction, Craig C. Price beneficially owns 2,837 shares of Dana common stock in a direct form.

What are dividend equivalent rights in this Form 4?

Per the filing, each dividend equivalent right is the economic equivalent of one share of Dana common stock and accrues on restricted stock units.

Was there a cash purchase or sale in this transaction?

No. The transaction reflects accrual/exercise of dividend equivalent rights tied to RSUs; it is a non-cash compensation event.

What is the reporting person's role at Dana (DAN)?

The reporting person is listed as SVP & Pres Off-Highway Drive and an officer of the company.