Dana Inc. senior vice president and general counsel Douglas H. Liedberg reported multiple equity compensation transactions on common stock and related awards. On February 6, 2026, he acquired 80,701 shares of common stock at $30.40 per share from the vesting of performance shares, while 37,167 shares were withheld at the same price to cover tax obligations.
Dividend equivalent rights tied to earlier performance share units resulted in an additional 1,208 shares of common stock being issued at an exercise price of $0.00. He also received a new grant of 17,666 restricted stock units under the Dana Incorporated 2021 Omnibus Incentive Plan, each representing one share of common stock or equivalent cash value, with vesting in three equal annual installments starting on the first anniversary of the grant.
After these transactions, Liedberg directly held 186,523 shares of common stock, 5,857 dividend equivalent rights, and 17,666 restricted stock units, reflecting updated equity ownership as of the reported date.
Dana Incorporated’s Board approved new performance-vested restricted stock unit (PSU) awards for eligible participants, including its named executive officers other than CEO Bruce McDonald, under the 2021 Omnibus Incentive Plan.
The PSUs can be earned from zero to three times the target amount based on Dana’s stock price performance over a four-year period from January 1, 2026 through December 31, 2029, plus continued employment through each vesting date. Any PSUs ultimately earned will be settled in Dana common stock, delivered in two equal installments in early 2030 and early 2031.
BlackRock, Inc. filed an amended Schedule 13G reporting a significant ownership position in DANA Inc common stock as of 12/31/2025. BlackRock reported beneficial ownership of 16,941,183 shares, representing 14.5% of Dana’s outstanding common stock. Of these shares, BlackRock reported sole power to vote 16,756,798 shares and sole power to dispose of 16,941,183 shares, with no shared voting or dispositive power.
The filing explains that the position reflects securities beneficially owned by certain BlackRock business units, and excludes other disaggregated units. It also notes that iShares Core S&P Small-Cap ETF has an interest in Dana’s common stock that is more than five percent of the total outstanding shares. BlackRock certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Dana.
Dana Incorporated announced that it will host a webcast and conference call on January 21, 2026 at 10:00 a.m. EST. Management plans to discuss the company’s market outlook, new business growth, capital return strategy, and preliminary 2025 results.
Audio streaming, slides, and a replay will be available through the Dana investor website. A press release and the presentation slides to be used during the event are provided as Exhibit 99.1, giving investors structured materials to follow the discussion.
Dana Incorporated reported the final results of its cash tender offers and subsequent redemptions of several senior note issues. The company accepted for purchase $138,276,000 of its 5.375% notes due 2027, $142,366,000 of its 5.625% notes due 2028, €140,725,000 of Dana Financing’s 3.000% notes due 2029 (after proration), $173,200,000 of its 4.250% notes due 2030 (after proration), €8,569,000 of its 8.500% notes due 2031, and $151,548,000 of its 4.500% notes due 2032, all at 100% of principal.
The purchased notes were canceled, and Dana funded these transactions, including accrued interest, using proceeds from its previously announced sale of its off-highway business. The day after settlement, the company also completed the full redemption of all remaining outstanding 2027 and 2028 notes at 100% of principal plus accrued interest, leaving no notes of those two series outstanding.
Dana Incorporated filed an amended current report to update prior disclosure about the sale of its off-highway business. The amendment adds unaudited pro forma consolidated financial statements as Exhibit 99.1, which show how Dana’s financials would look after the divestiture. Dana previously completed the sale of this business to Allison Transmission Holdings, Inc. for a cash purchase price of $2.732 billion, subject to adjustments, under a stock purchase agreement dated June 11, 2025. All other items from the original report remain unchanged.
Dana Incorporated completed the previously announced sale of its off-highway business to Allison Transmission Holdings, Inc. for a cash purchase price of $2.732 billion, subject to certain adjustments. The transaction closed on January 1, 2026 under a Stock Purchase Agreement dated June 11, 2025. Dana has furnished a press release about the closing and plans to file unaudited pro forma financial information reflecting the sale by amendment within four business days after the closing date.
Dana Incorporated announced that it and its wholly owned subsidiary, Dana Financing Luxembourg S.à r.l., have launched several cash tender offers to repurchase portions of their outstanding senior notes. They are offering to buy up to $173 million of 5.375% notes due 2027, $173 million of 5.625% notes due 2028, €141 million of 3.000% notes due 2029, $173 million of 4.250% notes due 2030, €184 million of 8.500% notes due 2031, and $152 million of 4.500% notes due 2032 at 100% of principal plus accrued interest.
The offers are tied to the pending sale of Dana’s off-highway business, from which Dana expects about $2.3 billion of cash proceeds and plans to use approximately $1,066 million to fund these note purchases as an initial step in a broader debt reduction plan. The tender offers are scheduled to expire at 5:00 p.m., New York City time, on January 5, 2026, subject to conditions linked to completion of the asset sale.
Dana also issued conditional redemption notices to fully redeem all 2027 and 2028 notes on January 8, 2026 at 100% of principal plus accrued interest. Any of these notes not bought in the tender offers will be redeemed, assuming the asset sale proceeds are received and the related conditions are satisfied, which would fully repay the 2027 and 2028 issues.
Dana Inc. director reports dividend-equivalent rights grant
A Dana Inc. (ticker DAN) director filed a Form 4 reporting an automatic accrual of dividend equivalent rights on previously granted restricted stock units as of 11/28/2025. The filing shows the acquisition of 45 dividend equivalent rights with an exercise price of $0.0000, each economically equivalent to one share of Dana common stock. After this transaction, the director beneficially owns 227 derivative securities linked to Dana common stock on a direct basis. These dividend equivalent rights become exercisable proportionately with the underlying restricted stock units.
Dana Inc. officer reports new stock-linked award. Senior Vice President and President, Off-Highway Drive, Craig C. Price filed a Form 4 reporting the acquisition of 463 dividend equivalent rights on Dana common stock on 11/28/2025. These rights accrued on previously granted restricted stock units and will become exercisable in step with those units. Each dividend equivalent right is the economic equivalent of one share of Dana common stock and was acquired at a price of $0.0000 per right. Following this transaction, Price beneficially owns 3,300 derivative securities related to Dana common stock, held directly.