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 restricted stock units.
Summary
- On March 21, 2025, James D. Kellett, VP & Chief Accounting Officer of Dana Inc., filed a Form 4.
- The filing reports the acquisition of 121 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 511 dividend equivalent rights.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to executive compensation, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of regulatory compliance for publicly traded companies, providing transparency into the transactions of company insiders.
Key Dates
| Date | Description |
|---|---|
| 03/21/2025 | Date of transaction and filing of Form 4. |
Keywords
Form 4, Dividend Equivalent Rights, James D. Kellett, Dana Inc, Insider Trading, SEC Filing, DAN
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