Dine Brands Global (DIN) director adds dividend-equivalent restricted stock units

Rhea-AI Filing Summary

Dine Brands Global, Inc. director Richard J. Dahl reported a routine equity award adjustment. On 01/07/2026, he acquired 25.941 derivative securities described as Restricted Stock Units (Dividend Equivalent Rights) at a price of $0 per unit. After this transaction, he beneficially owned 4,946.607 derivative securities directly.

The filing explains that each dividend equivalent right is the economic equivalent of one share of common stock. These rights accrued on an existing award of restricted stock units as dividends were paid on the underlying common stock and will vest, settle, and expire on the same terms as the related restricted stock units.

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

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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^*

DAHL RICHARD J

(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)
01/07/2026

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)	01/07/2026		A		25.941		(2)	(2)	Common Stock	25.941	$0	4,946.607	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 Richard J. Dahl	01/08/2026
	** 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 insider transaction did Dine Brands Global (DIN) report for Richard J. Dahl?

The filing reports that director Richard J. Dahl acquired 25.941 Restricted Stock Units (Dividend Equivalent Rights) on 01/07/2026 at a price of $0 per unit.

What are the dividend equivalent rights reported in the DIN Form 4?

The filing states that each dividend equivalent right is the economic equivalent of one share of common stock and is tied to an underlying award of restricted stock units.

How do the dividend equivalent rights for Dine Brands Global (DIN) accrue and vest?

Dividend equivalent rights accrue when and as dividends are paid on the common stock underlying the restricted stock units and they vest, settle, and expire on the same terms as those restricted stock units.

How many derivative securities does Richard J. Dahl hold after this DIN transaction?

Following the reported transaction, Richard J. Dahl beneficially owned 4,946.607 derivative securities directly.

Is the reported DIN Form 4 transaction a purchase or sale for cash?

No cash consideration was paid; the 25.941 dividend equivalent rights were acquired at a stated price of $0 as an accrual on an existing restricted stock unit award.

Does the DIN Form 4 indicate direct or indirect ownership for this award?

The filing classifies the ownership of these derivative securities as Direct (D) for Richard J. Dahl.