DANA Inc director Nora E. LaFreniere reported a compensation-related grant of derivative awards linked to company stock. She received 18 dividend equivalent rights on May 29, 2026, each tied to previously granted restricted stock units and economically equal to one share of Dana common stock. Following this grant, she held 39 dividend equivalent rights in total. These awards carry a zero dollar exercise price and become exercisable proportionately with the underlying restricted stock units, and do not reflect any open-market buying or selling of Dana shares.
Kraus Timothy R reported acquisition or exercise transactions in this Form 4 filing.
DANA Inc senior vice president and chief financial officer Timothy R. Kraus received a grant of 403 dividend equivalent rights on May 29, 2026. These rights accrue on previously granted restricted stock units and become exercisable in step with those units. Each dividend equivalent right is the economic equivalent of one share of Dana common stock. After this award, Kraus directly holds 7,652 dividend equivalent rights, reflecting routine, compensation-related accruals rather than open-market buying or selling.
Kellett James D reported acquisition or exercise transactions in this Form 4 filing.
DANA Inc reported that VP & Chief Accounting Officer James D. Kellett received a grant of 101 Dividend Equivalent Rights on May 29, 2026. These rights accrue on previously granted restricted stock units and are economically equivalent to shares of Dana common stock. Following this award, Kellett holds 707 Dividend Equivalent Rights directly. This is a compensation-related, non‑market transaction rather than an open-market trade.
Karlin Bridget E reported acquisition or exercise transactions in this Form 4 filing.
DANA Inc director Bridget E. Karlin reported a routine compensation-related transaction involving derivative securities. She received a grant of 18 dividend equivalent rights on May 29, 2026, bringing her total holdings of these rights to 39.
The footnote explains that these dividend equivalent rights accrued on previously granted restricted stock units and become exercisable in step with those units. Each right is the economic equivalent of one share of DANA common stock, providing stock-linked value rather than an immediate cash transaction.
Hernandez Ernesto M reported acquisition or exercise transactions in this Form 4 filing.
Dana Inc director Ernesto M. Hernandez received a grant of 18 dividend equivalent rights on May 29, 2026. These rights were 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 Hernandez now holds 39 dividend equivalent rights in total. This is a compensation-related award rather than an open-market purchase or sale.
Foster Byron S. reported acquisition or exercise transactions in this Form 4 filing.
DANA Inc executive Byron S. Foster, President of Light Vehicle Drive Systems, received a grant of 297 dividend equivalent rights tied to previously granted restricted stock units. These rights are the economic equivalent of Dana common shares and increase his directly held derivative-based position to 5,414 rights.
McDonald R Bruce reported acquisition or exercise transactions in this Form 4 filing.
DANA Inc reported that Chairman and CEO R. Bruce McDonald received a grant of 22,808 restricted stock units. Each unit represents one share of Dana common stock or, at Dana’s election, cash equal to the share’s market value and includes dividend equivalent rights. The units vest in full on the first anniversary of the May 28, 2026 grant.
Dana Incorporated furnished supplemental non-GAAP financial information for the first quarter ended March 31, 2026, expanding on its previously released results. The company reported net sales of $1,868 million versus $1,781 million a year earlier and net income attributable to the parent company of $1,087 million, largely driven by $1,106 million of net income from discontinued operations.
From continuing operations, Dana recorded a net loss of $15 million, but non-GAAP performance improved. Adjusted EBITDA rose to $171 million from $93 million, and adjusted net income attributable to the parent company improved to $16 million from a loss of $39 million. Diluted adjusted EPS was $0.14 compared with a loss of $0.27 in the prior-year quarter.
Dana Incorporated reported first-quarter 2026 results reflecting a major portfolio shift after selling its Off-Highway business. Net sales from continuing operations were $1,868 million, up from $1,781 million a year earlier, driven by both Light Vehicle and Commercial Vehicle growth.
Continuing operations posted a small loss, with a loss from continuing operations before income taxes of $4 million compared with a $29 million loss in 2025. After-tax results were dominated by discontinued operations: the Off-Highway sale generated net income from discontinued operations of $1,106 million, producing net income attributable to the parent of $1,087 million, or $9.89 diluted EPS, versus $0.17 in 2025.
Dana received $2,664 million in gross cash proceeds from the Off-Highway divestiture and used them to repay short-term and long-term debt, reducing total debt on the balance sheet from $3,211 million (short-term plus long-term at December 31, 2025) to $1,260 million at March 31, 2026, while cash and cash equivalents rose to $477 million4.4 million shares for $125 million in the quarter under an expanded $2,000 million authorization running through 2030.
Segment EBITDA improved notably: Light Vehicle EBITDA increased to $112 million from $68 million and Commercial Vehicle EBITDA increased to $63 million from $41 million. However, results included $56 million in electric-vehicle program termination charges and a $7 million loss on extinguishment of debt as Dana exited or resized certain programs and redeemed notes. Total assets declined to $6,078 million from $7,808 million mainly due to removing Off-Highway assets, while total equity more than doubled to $2,014 million, strengthening the capital structure.
Dana Incorporated notified the SEC that it cannot timely file its Form 10-Q for the quarter ended March 31, 2026 and expects to use the five-day extension under Rule 12b-25. The delay stems from post-closing consolidation, reconciliation and additional tie-out work following the January 1, 2026 sale of its Off-Highway business to Allison Transmission Holdings, Inc.
The company furnished preliminary results in a press release: sales from continuing operations of $1.87 billion (Q1 2026) versus $1.78 billion (Q1 2025), an operating cash flow use of $156 million versus $37 million, and expected net income of $1.05 billion to $1.15 billion, driven by the gain on the divestiture. These results are preliminary and subject to change upon finalization of the quarterly financial statements.