Form 4: Dana Inc. Executive James D. Kellett Reports Acquisition of Dividend Equivalent Rights
SEC Form 4 Filing
James D. Kellett, VP & Chief Accounting Officer of Dana Inc., reports acquiring dividend equivalent rights related to previously granted restricted stock units.
Summary
- On March 22, 2024, James D. Kellett, VP & Chief Accounting Officer of Dana Inc., reported acquiring 140 dividend equivalent rights.
- These rights are associated with previously granted restricted stock units and become exercisable proportionately with those units.
- Each dividend equivalent right represents the economic equivalent of one share of Dana common stock.
- Following the transaction, Kellett directly owns 385 dividend equivalent rights.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing regarding an executive's compensation. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and equity ownership, common in publicly traded companies. It provides transparency into the holdings of company insiders.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation.
Key Dates
| Date | Description |
|---|---|
| 03/22/2024 | Date of transaction: Acquisition of dividend equivalent rights |
| 03/26/2024 | Date of signature for the Form 4 filing |
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