Form 4: Dana Inc. Executive Byron S. Foster Reports Stock Transactions

Byron S. Foster, a Dana Inc. executive, reports acquisition and disposal of common stock and derivative securities.

Summary

• On February 13, 2025, Byron S. Foster acquired 20,370 shares of common stock and 700 shares through the vesting of restricted stock units and dividend equivalent rights, respectively.
• He also disposed of 9,503 shares to cover tax obligations at a price of $15.8 per share.
• On February 14, 2025, Foster acquired 13,670 shares of common stock and 866 shares through the vesting of restricted stock units and dividend equivalent rights, respectively.
• He also disposed of 6,556 shares to cover tax obligations at a price of $16.09 per share.
• Following these transactions, Foster directly owns 71,691 shares of Dana Inc. common stock.
• He also owns 3,985 dividend equivalent rights, 39,539 restricted stock units, and 3,119 dividend equivalent rights.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Positives

• The vesting of restricted stock units and dividend equivalent rights resulted in the acquisition of additional shares by the reporting person.

Negatives

• The disposal of shares to cover tax obligations reduced the reporting person's holdings.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Stakeholder Impact

• The transactions reported may be of interest to shareholders as they provide insight into the actions of company executives.

Key Dates

Keywords

Form 4, Dana Inc, Byron S. Foster, stock transactions, restricted stock units, dividend equivalent rights, beneficial ownership