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

Rhea-AI Filing Summary

Director Douglas M. Pasquale reported an acquisition of 92.706 dividend equivalent rights tied to restricted stock units on 10/08/2025, recorded as an economic equivalent of 92.706 shares and increasing his total beneficial ownership to 4,920.666 shares of common stock. The reported transaction shows a price of $0.00, reflecting that these are accrued dividend equivalents that vest and settle with the underlying restricted stock units under the original award terms. The Form 4 was signed on 10/10/2025 by an attorney-in-fact on behalf of Mr. Pasquale.

Positive

• Insider ownership increased to 4,920.666 shares, strengthening alignment with shareholders
• Transaction is compensation‑linked (dividend equivalent rights), not a market sale, indicating retention incentives remain active

Negative

• Transaction size is modest (92.706 DERs), so the change is unlikely to be material to valuation
• No open‑market purchase was reported, so this does not signal additional insider buying interest

Insights

Corporate Governance Analyst

Small accrual of dividend equivalents increases insider ownership modestly.

The filing documents an award of 92.706 dividend equivalent rights that are the economic equivalent of shares and vest with the underlying restricted stock units, raising total reported beneficial ownership to 4,920.666 shares. These items are not purchases from the open market but accrued compensation-related credits tied to existing equity awards.

Key dependencies include the original restricted stock unit vesting schedule and dividend payout timing; the economic value is linked to future settlement of those RSUs. Investors may note the change as a routine insider compensation accrual rather than a discretionary open-market buy or sell; no cash payment occurred ($0.00 reported).

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^*

PASQUALE DOUGLAS M

(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 Douglas M. Pasquale	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 Dine Brands (DIN) director Douglas Pasquale report on the Form 4?

He reported acquiring 92.706 dividend equivalent rights related to restricted stock units on 10/08/2025, increasing beneficial ownership to 4,920.666 shares.

Did Douglas Pasquale pay cash for the reported securities?

No. The Form 4 shows a price of $0.00, reflecting that these are accrued dividend equivalent rights tied to existing RSUs.

When was the Form 4 signed and filed?

The signature block shows the form was signed by an attorney‑in‑fact on 10/10/2025.

Are the reported items regular equity or derivatives?

They are dividend equivalent rights (economic equivalents of common shares) that accrue on underlying restricted stock units and vest with those RSUs.

How many shares does Pasquale beneficially own after this transaction?

The Form 4 reports 4,920.666 shares of common stock beneficially owned following the transaction.