Dana (DAN) Director Reports 50 Dividend Equivalent Rights; Holdings 182
Bridget E. Karlin, a director of Dana Inc. (DAN), reports receipt of 50 dividend equivalent rights tied to previously granted restricted stock units on 08/29/2025.
Rhea-AI Filing Summary
Bridget E. Karlin, a director of Dana Inc. (DAN), reports receipt of 50 dividend equivalent rights tied to previously granted restricted stock units on 08/29/2025. These dividend equivalent rights are each the economic equivalent of one share of Dana common stock and were recorded at a price of $0.0000. After the reported transaction, Ms. Karlin beneficially owns 182 shares/direct interests in Dana common stock. The submission is a Form 4 statement of changes in beneficial ownership and was signed on behalf of Ms. Karlin on 09/02/2025.
Positive
- Accurate disclosure of the dividend equivalent rights event with required explanatory language
- Form 4 filed and signed (signature executed on 09/02/2025), meeting reporting formalities
Negative
- None.
Insights
TL;DR: Director received 50 dividend-equivalent rights from existing RSUs, increasing reported beneficial holdings to 182 shares.
The Form 4 documents a non-cash accrual event: 50 dividend equivalent rights became exercisable in connection with previously granted restricted stock units. These rights are recorded at a nominal price of $0.0000 because they represent accrued dividends rather than a market purchase. The filing shows direct beneficial ownership of 182 shares following the accrual. This is a routine insider reporting of compensation-related equity accruals and does not indicate an open-market purchase or sale.
TL;DR: Routine disclosure of compensation-related equity vesting; documentation and signature provided as required.
The filing properly identifies the reporting person as a director and marks the Form as filed by one reporting person. It includes the required explanatory note clarifying that dividend equivalent rights accrue with restricted stock units and are economically equivalent to shares. The form is signed on behalf of the reporting person, fulfilling signature formalities. This is a standard compliance disclosure under Section 16.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Dividend Equivalent Rights | 50 | $0.00 | $0.00 |
Footnotes (1)
- F1. 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Bridget E. Karlin report on Form 4 for Dana Inc. (DAN)?
What is the economic nature and price of the reported dividend equivalent rights?
Was this Form 4 filed jointly or by a single reporting person?
When was the Form 4 signed and who signed it?
AI-generated analysis. How Rhea-AI works. Not financial advice.