Form 4: DANA Director Nelligan Granted 2,575 Restricted Stock Units

DANA Inc. Director Hanna Olivia Nelligan was granted 2,575 restricted stock units, which will vest on February 11, 2026.

Summary

• Hanna Olivia Nelligan, a Director of DANA Inc. (DAN), was granted 2,575 Restricted Stock Units (RSUs).
• The transaction date for this grant was October 22, 2025.
• Each restricted stock unit represents the right to receive one share of Dana common stock or, at Dana's election, cash equal to the market value per share.
• The RSUs include dividend equivalent rights.
• The granted restricted stock units will vest in full on February 11, 2026.
• Following this transaction, Hanna Olivia Nelligan beneficially owns 2,575 derivative securities (RSUs) directly.

Sentiment

Score: 6

Explanation: The filing reports a routine equity grant to a director, which is a neutral to slightly positive event as it aligns management interests with shareholders. It does not contain information that would significantly alter the company's financial outlook or operational status.

Positives

• The grant of restricted stock units aligns the director's financial interests with those of the shareholders, incentivizing long-term performance.
• The equity compensation is a standard practice for attracting and retaining qualified board members.

Future Outlook

The granted Restricted Stock Units are scheduled to vest in full on February 11, 2026, at which point the director will receive the underlying common stock or cash equivalent.

Industry Context

Equity grants, such as Restricted Stock Units, are a common form of executive and director compensation across various industries, including the automotive and industrial sectors where DANA Inc. operates. They are used to align leadership incentives with long-term company performance and shareholder value.

Comparison to Industry Standards

• The use of Restricted Stock Units as a component of director compensation is a widely accepted practice, consistent with corporate governance standards in many publicly traded companies.
• The vesting schedule, typically over a period of one to several years, is also standard for such equity awards, promoting retention and long-term commitment.

Stakeholder Impact

• Shareholders: The grant aligns the director's interests with shareholder value creation, as the value of the RSUs is tied to the company's stock performance.
• Employees: No direct impact on general employees is indicated by this specific filing.

Next Steps

• The Restricted Stock Units will vest on February 11, 2026, at which point the director will receive the underlying shares of DANA common stock or cash.

Key Dates

Keywords

DANA Inc, DAN, Restricted Stock Units, RSU, Equity Grant, Director Compensation, Insider Transaction, Form 4