Dine Brands (DIN) director records 92.706 dividend-equivalent rights

Rhea-AI Filing Summary

Howard M. Berk, a director of Dine Brands Global, Inc. (DIN), acquired dividend equivalent rights tied to restricted stock units. On 10/08/2025 he received 92.706 dividend equivalent rights at a $0.00 price. Each dividend equivalent right equals one share of common stock and vests and settles on the same terms as the underlying restricted stock units. After this accrual, Mr. Berk beneficially owned 4,920.666 shares 10/10/2025.

Positive

• Director ownership increased to 4,920.666 shares due to accrued dividend-equivalent rights
• Transaction is non-cash and compensatory, reflecting dividend accruals on existing restricted stock units

Negative

• None.

Insights

Corporate Governance / Insider Reporting Specialist

Director accrued dividend-equivalent rights that modestly increase his direct holdings.

The transaction shows an accrual of 92.706 dividend equivalent rights tied to existing restricted stock units, recorded as an acquisition on 10/08/2025. These rights mirror dividends on the underlying RSUs and carry the same vesting and settlement terms, so there is no separate cash payment or exercise price associated with this entry.

The change raises direct beneficial ownership to 4,920.666 shares, which is a small, non-cash increase in economic exposure. Investors who track insider alignment can treat this as a routine compensation-related accrual; monitor future filings for the underlying RSU vesting schedule or larger open-market trades within the next 12 months for material shifts in ownership.

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

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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^*

Berk Howard M

(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 Howard M. Berk	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.

FAQ

What did Howard M. Berk report in the Form 4 for DIN?

He reported the acquisition of 92.706 dividend equivalent rights tied to restricted stock units on 10/08/2025, increasing his direct beneficial ownership to 4,920.666 shares.

Does the Form 4 show any cash purchase price for the reported securities?

No. The reported price is $0.00, indicating these are accrued dividend-equivalent rights associated with RSUs, not a market purchase.

What is the nature of the acquired rights?

Each dividend equivalent right is the economic equivalent of one share of common stock and vests and settles on the same terms and schedule as the underlying restricted stock units.

When was the Form 4 signed and who signed it?

The form was signed by an attorney-in-fact, Christine K. Son, on 10/10/2025.

Should investors view this as a material ownership change?

This is a small, compensatory accrual that increased direct holdings to 4,920.666 shares; it is generally routine and not a large, market-moving change.