Dine Brands director granted dividend equivalents

Berk Howard M reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Berk Howard M reported acquisition or exercise transactions in this Form 4 filing.

Howard M. Berk, a director of Dine Brands Global, Inc., received a grant of 19.2420 dividend equivalent restricted stock units on July 10, 2026, tied to a prior RSU award. Each right is economically equivalent to one share of common stock and vests and settles on the same terms as the underlying RSUs, bringing his directly held dividend equivalent rights to 3635.6490.

Insider Trade Summary

Grant/Award: 19.242 shares

Grant/Award 1 txn

Insider Berk Howard M

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units (Dividend Equivalent Rights) F1, F2	19.242	$0.00	$0.00

Holdings After Transaction: Restricted Stock Units (Dividend Equivalent Rights) — 3,635.649 contracts (Direct)

Footnotes (2)

1. F1. Each dividend equivalent right is the economic equivalent of one share of common stock.
2. F2. 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.

Key Figures

Dividend Equivalent RSUs Granted: 19.2420 units Total Dividend Equivalent RSUs After Grant: 3635.6490 units Transaction Date: 2026-07-10

3 metrics

Dividend Equivalent RSUs Granted 19.2420 units Restricted Stock Units (Dividend Equivalent Rights) granted to director Howard M. Berk on July 10, 2026

Total Dividend Equivalent RSUs After Grant 3635.6490 units Director’s directly held dividend equivalent rights following the July 10, 2026 award

Transaction Date 2026-07-10 Date of the reported grant/award acquisition of dividend equivalent RSUs

Key Terms

Restricted Stock Units, Dividend Equivalent Rights, underlying award of restricted stock units, vest proportionately

4 terms

Restricted Stock Units financial

"Security title: Restricted Stock Units (Dividend Equivalent Rights)"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

Dividend Equivalent Rights financial

"Restricted Stock Units (Dividend Equivalent Rights) 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

"Represents dividend equivalent rights that accrued on the underlying award of restricted stock units"

vest proportionately financial

"Dividend equivalent rights accrue with dividends and vest proportionately with the restricted stock units"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Dine Brands Global, Inc. (DIN) report for July 10, 2026?

Dine Brands Global, Inc. reported that director Howard M. Berk was granted 19.2420 dividend equivalent restricted stock units on July 10, 2026. These rights accrued on a prior RSU award when dividends were paid and follow the same vesting and settlement terms as that underlying award.

How many dividend equivalent rights does DIN director Howard M. Berk hold after this Form 4 transaction?

Following the reported grant, Howard M. Berk directly holds 3635.6490 dividend equivalent restricted stock units. Each right is economically equivalent to one share of Dine Brands Global, Inc. common stock and remains subject to the vesting and settlement conditions of the related RSU award.

What are dividend equivalent rights in the context of Dine Brands Global, Inc. (DIN) equity awards?

For DIN, each dividend equivalent right is the economic equivalent of one share of common stock. These rights accrue on outstanding RSUs when dividends are paid and vest, settle, and expire under the same terms as the underlying restricted stock units they accompany.

Is the July 2026 DIN Form 4 transaction an open-market buy or sell of common stock?

The July 2026 DIN Form 4 reflects a grant of dividend equivalent restricted stock units, not an open-market stock trade. It is categorized as an acquisition related to existing RSUs, with no reported open-market purchases or sales of Dine Brands common shares in this filing.

How do dividend equivalent rights on DIN restricted stock units vest and settle?

For Dine Brands Global, Inc., dividend equivalent rights vest and settle proportionately with the underlying RSUs to which they relate. They accrue when dividends are paid on the common stock and are subject to the same vesting schedule, settlement mechanics, and expiration terms as those RSUs.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 07/14/2026 - 04:16 PM EDT Learn about SEC filing dates

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^*

Berk Howard M

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/10/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
			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)	07/10/2026		A		19.242		(2)	(2)	Common Stock	19.242	$0.00	3,635.649	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 Howard M. Berk	07/14/2026
	** 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.
* Form 4: SEC 1474 (03-26)