Dine Brands (DIN): Director acquired 92.706 dividend rights

Richard J. Dahl, a director of Dine Brands Global, Inc. (DIN), reported the acquisition on 10/08/2025 of 92.706 dividend equivalent rights tied to underlying restricted stock units.

Rhea-AI Filing Summary

Richard J. Dahl, a director of Dine Brands Global, Inc. (DIN), reported the acquisition on 10/08/2025 of 92.706 dividend equivalent rights tied to underlying restricted stock units. Each dividend equivalent right equals one share of common stock, and the filing shows these rights were credited at a $0.00 price. After this accrual, Mr. Dahl's beneficial ownership is reported as 4,920.666 shares of common stock. The filing explains the rights accrue when dividends are paid on the underlying restricted stock units and vest on the same schedule as those units. The Form 4 was signed by an attorney-in-fact on 10/10/2025.

Positive

• Director alignment: acquisition of 92.706 dividend equivalent rights increases insider stake to 4,920.666 shares
• No cash cost reported: the dividend equivalent rights were recorded at $0.00, indicating accrual rather than a purchased transaction

Negative

• None.

Insider Trade Summary

Grant/Award: 92.706 shares

Grant/Award 1 txn

Insider DAHL RICHARD J

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units (Dividend Equivalent Rights)	92.706	$0.00	$0.00

Holdings After Transaction: Restricted Stock Units (Dividend Equivalent Rights) — 4,920.666 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.

FAQ

What did Dine Brands director Richard J. Dahl report on Form 4 (DIN)?

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

Are the dividend equivalent rights purchased or paid for by Richard J. Dahl?

The filing shows the rights recorded at $0.00, indicating they accrued as dividend equivalents rather than being purchased for cash.

How do the dividend equivalent rights relate to restricted stock units?

The filing states each dividend equivalent right equals one share and they "accrue when and as dividends are paid on the common stock underlying the applicable restricted stock units" and vest on the same terms as the RSUs.

When was the Form 4 signed and who signed it?

The filing was signed on 10/10/2025 by Christine K. Son as attorney-in-fact for Richard J. Dahl.

Does the Form 4 show any sale or disposition by the reporting person?

No. The Form 4 reports an acquisition (accrual) of dividend equivalent rights; no dispositions are shown.

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Accepted by SEC EDGAR 10/10/2025 - 04:22 PM 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^*

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)
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 Richard J. Dahl	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.