Form 4: Dana Inc. Director Keith Wandell Increases Beneficial Ownership Through Dividend Equivalent Rights

Dana Inc. Director Keith E. Wandell has acquired 61 Dividend Equivalent Rights (DERs) on May 30, 2025, increasing his total beneficial ownership of DERs to 132.

Summary

• Keith E. Wandell, a Director of DANA Inc. (DAN), acquired 61 Dividend Equivalent Rights (DERs) on May 30, 2025.
• These Dividend Equivalent Rights accrued on previously granted restricted stock units.
• Each Dividend Equivalent Right is the economic equivalent of one share of Dana common stock.
• The DERs become exercisable proportionately with the restricted stock units to which they relate.
• Following this transaction, Mr. Wandell beneficially owns a total of 132 Dividend Equivalent Rights.

Sentiment

Score: 6

Explanation: The acquisition of additional beneficial ownership by a director, even through dividend equivalent rights, generally indicates a positive sentiment and confidence in the company's future.

Positives

• The acquisition of Dividend Equivalent Rights by a director can be seen as a positive signal of continued confidence in the company's future performance and dividend policy.

Stakeholder Impact

• Shareholders may view this as a minor positive signal, indicating that a director is increasing their stake in the company, which aligns their interests with those of other shareholders.

Key Dates

Keywords

Dana Inc., DAN, Form 4, Insider Transaction, Beneficial Ownership, Dividend Equivalent Rights, Restricted Stock Units, Director, Keith E. Wandell