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  4. [Form 4] Dine Brands Global, Inc. Insider Trading Activity

Dividend RSUs granted to Dine Brands (NYSE: DIN) director Enrique Silva

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Silva Enrique reported acquisition or exercise transactions in this Form 4 filing.

Dine Brands Global director Enrique Silva reported receiving 23.95 dividend-equivalent restricted stock units tied to the company’s common stock. These units accrued as dividends on a prior restricted stock unit award and are economically equivalent to common shares.

Following this grant, Silva directly holds 3,279.95 restricted stock units. The dividend-equivalent rights vest, settle, and expire on the same terms as the underlying restricted stock units, making this a routine, compensation-related equity accrual rather than an open-market stock purchase or sale.

Positive

  • None.

Negative

  • None.
Insider Silva Enrique
Role Director
Type Security Shares Price Value
Grant/Award Restricted Stock Units (Dividend Equivalent Rights) 23.95 $0.00 --
Holdings After Transaction: Restricted Stock Units (Dividend Equivalent Rights) — 3,279.95 shares (Direct)
Footnotes (1)
  1. Each dividend equivalent right is the economic equivalent of one share of common stock. 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.
Dividend-equivalent RSUs granted 23.95 units Grant on April 10, 2026
Total RSUs after transaction 3,279.95 units Holdings following reported grant
Transaction price per unit $0.00 Restricted stock unit grant, no cash paid
Underlying common stock equivalence 1:1 Each dividend equivalent right equals one common share
Restricted Stock Units (Dividend Equivalent Rights) financial
"security_title: Restricted Stock Units (Dividend Equivalent Rights)"
dividend equivalent rights financial
"Represents dividend equivalent rights that accrued on the underlying award of restricted stock units."
Dividend equivalent rights are promises that mirror the cash payments shareholders get from a company’s profits, but they are paid to holders of certain awards (like stock options or restricted stock units) rather than to actual shares. Think of them as a paycheck top‑up that matches dividends while the award is not yet a real stock, and they matter to investors because they add to employee compensation costs and potential share dilution, affecting company profitability and per‑share value.
underlying award of restricted stock units financial
"accrued on the underlying award of restricted stock units."
economically equivalent of one share of common stock financial
"Each dividend equivalent right is the economic equivalent of one share of common stock."
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Silva Enrique
(Last)(First)(Middle)
10 WEST WALNUT STREET
5TH FLOOR
(Street)
PASADENA CALIFORNIA 91103
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
Dine Brands Global, Inc. [ DIN ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/10/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units (Dividend Equivalent Rights)(1)04/10/2026A23.95 (2) (2)Common Stock23.95$0.003,279.95D
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 Enrique Silva04/14/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did Enrique Silva report in the latest Form 4 for Dine Brands (DIN)?

Enrique Silva reported receiving 23.95 dividend-equivalent restricted stock units tied to Dine Brands common stock. These units accrued as dividends on an existing restricted stock unit award and increase his total restricted stock unit holdings to 3,279.95 units.

How many restricted stock units does Enrique Silva now hold at Dine Brands (DIN)?

After the latest grant, Enrique Silva holds 3,279.95 restricted stock units at Dine Brands Global. This total includes the newly accrued 23.95 dividend-equivalent rights, which are economically equivalent to common shares and follow the same vesting and settlement terms.

What are dividend equivalent rights on Dine Brands (DIN) restricted stock units?

Dividend equivalent rights give holders RSU credits equal in value to dividends paid on the underlying common stock. For Dine Brands, each such right is economically equivalent to one common share and accrues when dividends are paid on the related restricted stock units.

Does Enrique Silva’s Form 4 for Dine Brands (DIN) show any open-market stock purchases or sales?

The Form 4 shows no open-market purchases or sales by Enrique Silva. It only reports a grant of 23.95 dividend-equivalent restricted stock units, which are compensation-related accruals tied to dividends rather than discretionary market trades.

How do the new Dine Brands (DIN) dividend-equivalent RSUs vest and settle for Enrique Silva?

The dividend-equivalent restricted stock units vest proportionately with the underlying restricted stock unit award. They are subject to the same settlement and expiration terms, meaning they follow the original RSU schedule rather than creating a separate vesting timeline.