Form 4: Dana Inc. Executive James D. Kellett Reports Acquisition of Restricted Stock Units

James D. Kellett, VP & Chief Accounting Officer of Dana Inc., reports the acquisition of 8,266 restricted stock units.

Summary

• On February 11, 2025, James D. Kellett, VP & Chief Accounting Officer of Dana Inc., acquired 8,266 restricted stock units.
• These restricted stock units were granted pursuant to the Dana Incorporated 2021 Omnibus Incentive Plan.
• Each restricted stock unit represents the right to receive one share of Dana common stock or, at Dana's election, cash equal to the market value per share.
• The restricted stock units vest in three equal annual installments beginning on February 11, 2026.
• The price of the derivative security is $0.0000.
• Following the transaction, Kellett directly owns 8,266 derivative securities.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard executive compensation practices and aligns executive interests with shareholders.

Positives

• The grant of restricted stock units aligns the executive's interests with those of the shareholders.
• The vesting schedule encourages long-term commitment from the executive.

Future Outlook

The executive will receive shares of Dana common stock or cash equivalent as the restricted stock units vest over the next three years, contingent on continued employment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates standard executive compensation practices.

Stakeholder Impact

• Shareholders may view the grant of restricted stock units as a positive incentive for the executive to perform well.
• Employees may see this as a standard part of executive compensation.

Key Dates