Dana Form 4: Director O'Connell Adds 50 Shares, Total 182

Rhea-AI Filing Summary

Diarmuid B. O'Connell, a director of Dana Inc. (DAN), reported a transaction on 08/29/2025 that resulted in the acquisition of 50 shares of Dana common stock as dividend equivalent rights tied to previously granted restricted stock units. The filing shows 50 shares were acquired and that Mr. O'Connell beneficially owns 182 shares following the transaction, held in a direct capacity. The filing was signed on behalf of the reporting person by Laura L. Aossey on 09/02/2025. The explanation states each dividend equivalent right is the economic equivalent of one share and vests proportionately with the related restricted stock units.

Insights

Financial Analyst

TL;DR: A small, routine acquisition of 50 dividend-equivalent shares increases the director's direct holdings to 182 shares; immaterial to company valuation.

This Form 4 records a non-derivative acquisition stemming from dividend equivalent rights tied to previously granted restricted stock units. The transaction date is 08/29/2025 and the reporting person is a director, indicating governance-aligned compensation settlement rather than open-market purchase or sale. The scale—50 shares added to a total of 182—suggests the change is immaterial to ownership concentration and unlikely to affect investor perception or share supply.

Corporate Governance Expert

TL;DR: The filing documents standard equity compensation mechanics for a director; disclosure and filing appear routine and complete.

The disclosure specifies the nature of the rights (dividend equivalent rights) and their relationship to previously granted RSUs, which aligns with common compensation practices. The Form 4 is signed by an authorized representative, indicating proper compliance with Section 16 reporting. The transaction does not indicate any change in role or control and provides clear linkage between dividend equivalents and underlying RSUs.

09/02/2025 - 04:35 PM

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^*

OConnell Diarmuid B.

(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 Diarmuid B. O'Connell	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 transaction did Dana Inc. (DAN) director Diarmuid B. O'Connell report on 08/29/2025?

The report shows an acquisition of 50 shares via dividend equivalent rights that accrued on previously granted restricted stock units.

How many shares does Diarmuid B. O'Connell beneficially own after the reported transaction?

The filing reports 182 shares beneficially owned following the 08/29/2025 transaction, held directly.

What is the nature of the dividend equivalent rights disclosed in the Form 4?

The filing states each dividend equivalent right is the economic equivalent of one share and vests proportionately with the related restricted stock units.

Who signed the Form 4 on behalf of the reporting person and when?

The Form 4 was signed by Laura L. Aossey on behalf of Diarmuid B. O'Connell on 09/02/2025.

Was the Form 4 filed as an individual or joint filing?

The form indicates it was filed by one reporting person (individual filing).