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

Dine Brands Global (DIN) director receives RSU dividend equivalent grant

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

Rhea-AI Filing Summary

Hyter Michael reported acquisition or exercise transactions in this Form 4 filing.

Dine Brands Global director Michael Hyter received a grant of 26.407 restricted stock units in the form of dividend equivalent rights on common stock. Each right is economically equal to one share of common stock and accrues when dividends are paid on existing restricted stock units. After this award, Hyter directly holds a total of 3,616.407 restricted stock units, which vest and settle on the same terms as the underlying restricted stock units. This is a routine, compensation-related equity accrual rather than an open-market trade.

Positive

  • None.

Negative

  • None.
Insider Hyter Michael
Role Director
Type Security Shares Price Value
Grant/Award Restricted Stock Units (Dividend Equivalent Rights) 26.407 $0.00 --
Holdings After Transaction: Restricted Stock Units (Dividend Equivalent Rights) — 3,616.407 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.
RSU dividend equivalents granted 26.407 units Restricted Stock Units (Dividend Equivalent Rights) granted on common stock
RSU holdings after grant 3,616.407 units Total restricted stock units directly held by Michael Hyter after transaction
Economic equivalence per right 1 share common stock Each dividend equivalent right equals one Dine Brands common share economically
Transaction price per unit $0.0000 Grant/award acquisition of restricted stock units, not a market purchase
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"
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"
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*
Hyter Michael
(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)04/10/2026A26.407 (2) (2)Common Stock26.407$0.003,616.407D
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. Hyter04/14/2026
** 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 Dine Brands (DIN) director Michael Hyter report in this Form 4?

Michael Hyter reported receiving 26.407 restricted stock units as dividend equivalent rights. These awards accrue when dividends are paid on underlying restricted stock units and mirror one share of common stock each, increasing his equity-based compensation position at Dine Brands Global.

How many restricted stock units does Michael Hyter hold after this DIN transaction?

Following this transaction, Michael Hyter holds 3,616.407 restricted stock units directly. This total includes the newly accrued 26.407 dividend equivalent rights, which are tied to dividends paid on his existing restricted stock unit awards at Dine Brands Global.

Are the dividend equivalent rights in DIN common stock or a separate security?

Each dividend equivalent right is economically equivalent to one share of Dine Brands common stock. The rights are linked to existing restricted stock units, accruing as dividends are paid, and follow the same vesting, settlement, and expiration terms as those underlying restricted stock unit awards.

Was this DIN Form 4 a market buy or sell of shares?

This Form 4 does not report a market purchase or sale of Dine Brands shares. It reflects a grant of 26.407 dividend equivalent rights, categorized as a compensation-related acquisition of restricted stock units rather than an open-market trading transaction in the company’s common stock.

How do dividend equivalent rights work for Dine Brands (DIN) restricted stock units?

Dividend equivalent rights accrue when and as dividends are paid on Dine Brands common stock underlying restricted stock units. They vest proportionately with the related restricted stock units and are settled or expire on the same terms, effectively mirroring additional share-based compensation over time.