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Dine Brands Global (NYSE: DIN) director awarded dividend-equivalent RSUs

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

Rhea-AI Filing Summary

Ryan Matthew T. reported acquisition or exercise transactions in this Form 4 filing.

Dine Brands Global, Inc. director Matthew T. Ryan received a grant of 19.2420 dividend equivalent rights tied to restricted stock units on the company’s common stock. Each right is economically equivalent to one share. After this award, he holds 3,635.6490 dividend equivalent rights.

Positive

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Insider Ryan Matthew T.
Role Director
Type Security Shares Price Value
Grant/Award Restricted Stock Units (Dividend Equivalent Rights) 19.242 $0.00 --
Holdings After Transaction: Restricted Stock Units (Dividend Equivalent Rights) — 3,635.649 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 rights granted 19.2420 units Restricted Stock Units (Dividend Equivalent Rights) granted on 2026-07-10
Total dividend equivalent rights held 3635.6490 units Total derivative units following the reported award
Transaction date 2026-07-10 Award date for the dividend equivalent rights
Economic equivalence per right 1 share per right Each dividend equivalent right equals one share of common stock
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
"Dividend equivalent rights accrue when and as dividends are paid on the 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.
settlement and expiration financial
"subject to settlement and expiration upon the same terms as the restricted stock units"
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FAQ

What insider transaction did Dine Brands Global (DIN) director Matthew T. Ryan report?

Director Matthew T. Ryan reported receiving 19.2420 dividend equivalent rights tied to restricted stock units on Dine Brands Global common stock. These rights are a form of equity-based compensation rather than an open-market stock purchase or sale.

How many dividend equivalent rights were granted in this Dine Brands Global (DIN) Form 4 event?

The reported award comprises 19.2420 dividend equivalent rights. Each right is economically equivalent to one share of Dine Brands Global common stock and accrued as a result of dividends paid on the underlying restricted stock units already held by the director.

What are dividend equivalent rights in the context of Dine Brands Global (DIN) restricted stock units?

Dividend equivalent rights are units economically equal to one share of common stock. They accrue when dividends are paid on shares underlying restricted stock units and vest, settle, and expire on the same terms as the related restricted stock unit awards.

After this transaction, how many dividend equivalent rights does the Dine Brands Global (DIN) director hold?

Following the award, Matthew T. Ryan holds 3,635.6490 dividend equivalent rights. This figure reflects the total derivative position in these rights after the 19.2420-unit grant tied to his existing restricted stock unit award on Dine Brands Global common stock.

Does this Dine Brands Global (DIN) insider activity involve open-market buying or selling of shares?

No, the activity reflects a grant of dividend equivalent rights, not an open-market stock purchase or sale. The rights accrued automatically as dividends were paid on common stock underlying the director’s existing restricted stock unit award.
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*
Ryan Matthew T.

(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)
07/10/2026
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)07/10/2026A19.242 (2) (2)Common Stock19.242$0.003,635.649D
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 Matthew T. Ryan07/14/2026
** 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)