DAN Insider Filing: Nora LaFreniere Added 50 Shares from Dividend Equivalents

Rhea-AI Filing Summary

Nora E. LaFreniere, a director of Dana Inc. (DAN), received 50 shares of common stock on 08/29/2025 as dividend equivalent rights tied to previously granted restricted stock units. Each dividend equivalent right is the economic equivalent of one share. After the reported transaction, LaFreniere beneficially owns 182 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.

Insights

Financial Analyst

TL;DR: Director received 50 shares from accrued dividend equivalents; ownership remains immaterial relative to company size.

The filing documents a routine issuance of 50 shares to a director as dividend equivalent rights tied to restricted stock units. This is a non-cash, compensatory event that increases direct holdings to 182 shares. There is no indication of open-market purchases or sales, and the transaction does not change board composition or signal large-scale insider buying or selling. The event is administrative and typically has negligible impact on capitalization or investor valuation metrics.

Corporate Governance Expert

TL;DR: Compensation-related issuance to a director; standard disclosure under Section 16 with no governance concerns flagged.

The Form 4 reports dividend equivalent rights becoming exercisable alongside related restricted stock units, a common element of long-term director compensation. The disclosure is timely and signed on the reporting person's behalf, meeting Form 4 requirements. The size of the grant is small and there are no red flags such as accelerated vesting, related-party transactions, or amendments indicating atypical governance actions.

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	50	$0.00	--

Holdings After Transaction: Dividend Equivalent Rights — 182 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 CT 06032

(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 Nora E. LaFreniere	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.