Dine Brands director adds 92.706 dividend equivalents to holdings

Rhea-AI Filing Summary

Michael C. Hyter, a director of Dine Brands Global, Inc. (DIN), reported a non‑derivative acquisition on 10/08/2025. The filing shows 92.706 dividend equivalent rights were acquired and are treated as the economic equivalent of 92.706 shares of common stock; the transaction price is listed as $0.00. After this accrual, Mr. Hyter beneficially owns 4,920.666 shares of common stock in a direct form. The dividend equivalents relate to underlying restricted stock units and vest and settle on the same terms as those units. The form was signed on 10/10/2025 by an attorney‑in‑fact.

Positive

• Increased direct ownership: Beneficial ownership rose to 4,920.666 shares after accrual
• No cash outlay for the reported accrual (transaction price listed as $0.00)

Negative

• No material negative developments disclosed: transaction is an accrual tied to RSUs rather than a cash sale or dilution event

Insights

Corporate Insider Compliance Analyst

Small accrual of dividend equivalents reported by a company director.

The reported entry reflects dividend equivalent rights credited on existing restricted stock units rather than a paid cash purchase or option exercise; the filing lists $0.00 as the transaction price which is consistent with accrual accounting for dividend equivalents. This increases direct beneficial ownership to 4,920.666 shares.

Risks and dependencies are administrative and compliance‑related: timing of vesting and settlement remains tied to the underlying restricted stock units and any shareholder voting or dilution effects depend on future settlements. Monitor the actual settlement dates and the underlying RSU vesting schedule for concrete changes to share count and potential selling activity within the next vesting periods.

Equity Compensation Specialist

Dividend equivalents accrued on RSUs increased reported shareholdings modestly.

Each dividend equivalent equals one share economically and vests proportionately with the related restricted stock units; these accruals typically convert to shares upon vesting or are settled per plan terms. The filing does not indicate new grants or exercises—only accumulation of dividend equivalents.

For investors, the material item to note is the nature of the accrual rather than active market buying or selling; check forthcoming reports for settlement (which may affect outstanding share count) and any related insider transactions within the next 12 months.

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^*

Hyter Michael

(Last) (First) (Middle)

10 WEST WALNUT STREET

5TH FLOOR

(Street)

PASADENA CA 91103

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Dine Brands Global, Inc. [ DIN ]

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)
10/08/2025

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
Restricted Stock Units (Dividend Equivalent Rights)	(1)	10/08/2025		A		92.706		(2)	(2)	Common Stock	92.706	$0.00	4,920.666	D

Explanation of Responses:

1. Each dividend equivalent right is the economic equivalent of one share of common stock.

2. Represents dividend equivalent rights that accrued on the underlying award of restricted stock units. Dividend equivalent rights accrue when and as dividends are paid on the common stock underlying the applicable restricted stock units and vest proportionately with and are subject to settlement and expiration upon the same terms as the restricted stock units to which they relate.

	/s/ Christine K. Son as attorney-in-fact for Michael C. Hyter	10/10/2025
	** 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 did Michael C. Hyter report on Form 4 for DIN?

He reported the acquisition of 92.706 dividend equivalent rights tied to restricted stock units, increasing his direct beneficial ownership to 4,920.666 shares.

When was the transaction dated on the Form 4 for DIN?

The transaction date is 10/08/2025 and the form was signed on 10/10/2025.

Did the reported transaction involve a cash purchase?

No; the filing lists the price as $0.00, indicating these are accrued dividend equivalents rather than a cash purchase.

Are these dividend equivalents the same as shares?

Each dividend equivalent right is the economic equivalent of one share and vests and settles on the same terms as the underlying restricted stock units.

Does this Form 4 indicate any sale or reduction of holdings by the director?

No; the filing shows an accrual (acquisition) of dividend equivalents and an increase in direct beneficial ownership.