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Director at Dine Brands (NYSE: DIN) awarded dividend-equivalent RSUs

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

Rhea-AI Filing Summary

DAHL RICHARD J reported acquisition or exercise transactions in this Form 4 filing.

Dine Brands Global director Richard J. Dahl received a grant of 26.407 restricted stock units in the form of dividend equivalent rights tied to existing restricted stock units. Each right is economically equivalent to one share of common stock and will vest and settle on the same terms as the underlying restricted stock units.

Following this grant, Dahl holds a total of 3,616.407 restricted stock units directly.

Positive

  • None.

Negative

  • None.
Insider DAHL RICHARD J
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.
Dividend equivalent RSUs granted 26.407 units Grant of dividend equivalent rights on 2026-04-10
RSUs held after transaction 3,616.407 units Total restricted stock units following grant
Exercise price of RSUs $0.0000 per unit Conversion or exercise price for the reported RSUs
Underlying common stock equivalent 26.407 shares Each dividend equivalent right equals one common share
Restricted Stock Units financial
"Represents dividend equivalent rights that accrued on the underlying award of restricted stock units."
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
"Each dividend equivalent right is the economic equivalent of one share of common stock."
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.
economic equivalent financial
"Each dividend equivalent right is the economic equivalent of one share of common stock."
vest proportionately financial
"Dividend equivalent rights accrue when and as dividends are paid ... and vest proportionately with ... the 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*
DAHL RICHARD J
(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 Richard J. Dahl04/14/2026
** 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 Richard J. Dahl receive in this Form 4?

Richard J. Dahl received 26.407 restricted stock units in the form of dividend equivalent rights. These units accrue on existing restricted stock units when dividends are paid and are economically equivalent to common shares, vesting and settling under the same terms as the underlying awards.

What are dividend equivalent rights in Dine Brands (DIN) equity awards?

Dividend equivalent rights provide additional units when dividends are paid on underlying common stock. For Dine Brands, each right is economically equivalent to one common share and is linked to existing restricted stock units, vesting and expiring on the same schedule as those underlying awards.

How many restricted stock units does Richard J. Dahl hold after this DIN transaction?

After the grant of dividend equivalent rights, Richard J. Dahl holds 3,616.407 restricted stock units. This total includes the newly accrued 26.407 units and represents his direct derivative holdings as reported in the Form 4 filing for Dine Brands Global, Inc.

Does this Dine Brands (DIN) Form 4 show a stock purchase or sale?

The Form 4 does not show an open-market purchase or sale. It reports an acquisition of 26.407 restricted stock units as a grant of dividend equivalent rights, a compensation-related adjustment tied to existing restricted stock units rather than a discretionary market trade.

How do Dine Brands (DIN) dividend equivalent rights vest and settle?

Dividend equivalent rights at Dine Brands vest proportionately with the related restricted stock units. They are subject to the same settlement and expiration terms, meaning they follow the original vesting schedule and are delivered or forfeited together with the underlying restricted stock unit awards.