Director Howard Berk converts 4,947 RSUs to Dine Brands (DIN) common stock
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Dine Brands Global director Howard M. Berk acquired shares through equity compensation. On the vesting date, 4,946.607 restricted stock units and related dividend equivalents settled into the same number of common shares at $31.58 per share. Following this derivative exercise, he directly held 46,893.521 common shares and 3,590 restricted stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
4,946.607 shares exercised/converted
Mixed
2 txns
Insider
Berk Howard M
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 4,946.607 | $0.00 | -- |
| Exercise | Common Stock | 4,946.607 | $31.58 | $156K |
Holdings After Transaction:
Restricted Stock Units — 3,590 shares (Direct);
Common Stock — 46,893.521 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Dine Brands Global (DIN) disclose for Howard M. Berk?
Dine Brands Global reported that director Howard M. Berk acquired common shares through an equity award. 4,946.607 restricted stock units and related dividend equivalents vested and settled into the same number of common shares, reflecting compensation rather than an open-market stock purchase or sale.
Was Howard M. Berk’s Dine Brands (DIN) transaction a market purchase or sale?
The transaction was not an open-market purchase or sale. It reflected the vesting and settlement of 4,946.607 restricted stock units and related dividend equivalents into common shares, characterized as an exercise or conversion of a derivative security granted as equity compensation.