Form 4: Dana Inc. Director Hu Gaoxiang Reports Acquisition of Dividend Equivalent Rights
SEC Form 4 Filing
Director Hu Gaoxiang reports acquiring 100 dividend equivalent rights related to restricted stock units.
Summary
- On March 22, 2024, Hu Gaoxiang, a director of Dana Inc., acquired 100 dividend equivalent rights.
- These rights are associated with previously granted restricted stock units and vest proportionally with those units.
- Each dividend equivalent right represents the economic equivalent of one share of Dana common stock.
- The price of each dividend equivalent right is $0.0000.
- Following the transaction, Hu Gaoxiang directly owns 100 dividend equivalent rights.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing a routine transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to insider transactions and is typical for publicly traded companies like Dana Inc.
Key Dates
| Date | Description |
|---|---|
| 03/22/2024 | Date of transaction: Hu Gaoxiang acquired 100 dividend equivalent rights. |
| 03/26/2024 | Date of signature on the Form 4 filing. |
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