Form 4: DANA Inc. Director Michael J. Mack Accrues Additional Equity Rights

DANA Inc. Director Michael J. Mack, Jr. reported the acquisition of 61 dividend equivalent rights, increasing his beneficial ownership to 132 rights, as part of his compensation tied to restricted stock units.

Summary

• Michael J. Mack, Jr., a Director of DANA Inc. (DAN), reported a transaction on May 30, 2025.
• He acquired 61 Dividend Equivalent Rights (DERs) through an accrual, with a transaction price of $0.0000.
• These DERs accrued on previously granted restricted stock units (RSUs) and become exercisable proportionately with the underlying RSUs.
• Each dividend equivalent right is the economic equivalent of one share of Dana common stock.
• Following this transaction, Mr. Mack beneficially owns a total of 132 Dividend Equivalent Rights.

Sentiment

Score: 6

Explanation: Slightly positive as it indicates continued equity alignment of a director with the company's performance through dividend equivalent rights, which are part of a compensation structure.

Positives

• The acquisition of Dividend Equivalent Rights by a director indicates continued equity participation and alignment of interests with shareholders.
• The rights are tied to previously granted restricted stock units, suggesting a long-term incentive structure for management.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

This Form 4 filing is a routine disclosure of insider equity ownership changes and does not provide information relevant to broader industry trends or competitive analysis.

Related Party Transactions

• Michael J. Mack, Jr., a director of DANA Inc., acquired 61 Dividend Equivalent Rights, which are part of his compensation package and accrue on previously granted restricted stock units.

Stakeholder Impact

• Shareholders: The transaction indicates continued alignment of a director's interests with shareholder value through equity participation.

Key Dates

Keywords

DANA Inc., DAN, Form 4, Insider Trading, Beneficial Ownership, Dividend Equivalent Rights, Restricted Stock Units, Michael J. Mack Jr., Director Compensation