Dine Brands (DIN) director Hyter reports new dividend-equivalent RSUs

Rhea-AI Filing Summary

Dine Brands Global, Inc. director Michael Hyter reported a small equity-based award linked to dividends on existing restricted stock units. On 01/07/2026, he acquired 25.941 dividend equivalent rights in the form of restricted stock units at a price of $0 per unit. Each dividend equivalent right is the economic equivalent of one share of common stock.

These dividend equivalent rights accrued on a previously granted award of restricted stock units as dividends were paid on the underlying common stock, and they vest, settle, and expire on the same terms as that underlying restricted stock unit award. Following this transaction, Hyter directly beneficially owned 4,946.607 derivative securities in the form of these restricted stock units and related dividend equivalent rights.

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^*

Hyter Michael

(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 Michael C. Hyter	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) disclose for Michael Hyter?

On 01/07/2026, director Michael Hyter acquired 25.941 dividend equivalent rights in the form of restricted stock units at a price of $0 per unit, tied to Dine Brands Global, Inc. common stock.

What are the Restricted Stock Units (Dividend Equivalent Rights) reported for DIN?

The reported security is Restricted Stock Units (Dividend Equivalent Rights), where each dividend equivalent right is the economic equivalent of one share of Dine Brands Global, Inc. common stock.

How many derivative securities does Michael Hyter hold in DIN after this Form 4 transaction?

After the 01/07/2026 transaction, 4,946.607 derivative securities in the form of restricted stock units and related dividend equivalent rights were beneficially owned directly by Michael Hyter.

How do dividend equivalent rights on DIN restricted stock units work?

Dividend equivalent rights accrue when and as dividends are paid on the common stock underlying applicable restricted stock units. They vest proportionately with, and are subject to settlement and expiration on the same terms as, the related restricted stock units.

Does this DIN Form 4 filing involve a purchase or sale for cash by the insider?

No cash consideration was involved; the Form 4 shows an acquisition code "A" for 25.941 dividend equivalent rights at a price of $0 per unit, reflecting an automatic accrual tied to dividends on existing restricted stock units.

Is the DIN Form 4 transaction by Michael Hyter direct or indirect ownership?

The transaction is reported as direct (D) ownership, with no separate entity or indirect beneficial ownership structure indicated in the footnotes.