Form 4: DANA Director Michael Mack Converts RSUs to Shares

DANA Inc. Director Michael J. Mack converted restricted stock units and dividend equivalent rights into 10,331 shares of common stock.

Summary

• Michael J. Mack, a Director of DANA Inc. (DAN), acquired 10,331 shares of common stock on February 11, 2026.
• This acquisition resulted from the vesting of 10,104 Restricted Stock Units (RSUs) and 227 Dividend Equivalent Rights (DERs).
• The shares were acquired at a price of $0.0000, indicating a conversion from previously granted equity awards.
• Following these transactions, Mr. Mack directly beneficially owns 64,061 shares of DANA Inc. common stock.
• Restricted Stock Units vest in full on the first anniversary date of their grant and include dividend equivalent rights.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a slightly positive event, as it increases insider ownership and aligns the director's interests with shareholders, without indicating any immediate operational or financial changes.

Positives

• The conversion of Restricted Stock Units into common stock increases the director's direct ownership in DANA Inc., aligning their interests more closely with shareholders.
• The vesting of equity awards indicates the fulfillment of compensation agreements and continued commitment of the director to the company.

Negatives

• No specific negative points are identified in this routine Form 4 filing.

Risks

• No specific risks are mentioned in this Form 4 filing.

Future Outlook

This Form 4 filing does not contain specific forward-looking statements or guidance regarding DANA Inc.'s future performance or strategic direction, as it primarily reports a past insider transaction.

Industry Context

StockSavvy.ai notes that the vesting and conversion of restricted stock units for directors is a standard practice in corporate compensation across various industries, designed to align executive interests with long-term shareholder value. This transaction for DANA Inc. is consistent with typical equity compensation structures.

Comparison to Industry Standards

• This transaction is a routine equity award vesting, common across publicly traded companies. For example, similar RSU vesting events are regularly reported by directors at automotive suppliers like BorgWarner Inc. (BWA) or American Axle & Manufacturing Holdings, Inc. (AXL), where equity compensation forms a significant part of executive remuneration to incentivize performance and retention.

Management Changes

Corporate Governance

Legal Proceedings

• No legal or regulatory matters are reported in this filing.

Related Party Transactions

• The vesting of Restricted Stock Units and Dividend Equivalent Rights is a standard form of equity compensation for a director, which is a related party transaction but is routine and disclosed as part of the compensation structure.

Stakeholder Impact

• Shareholders: Increased alignment of director's interests with shareholders due to higher direct ownership.
• Employees: No direct impact on general employees is indicated.
• Customers/Suppliers/Creditors: No direct impact on these stakeholders is indicated by this routine insider transaction.

Next Steps

• No specific future actions or milestones are mentioned in this Form 4 filing beyond the reporting of a completed transaction.

Key Dates

Keywords

DANA Inc, DAN, Form 4, Michael J. Mack, Director, Restricted Stock Units, RSU, Dividend Equivalent Rights, DER, Insider Transaction, Equity Compensation, Share Ownership