Form 4: Dana Inc. Executive James D. Kellett Reports Changes in Beneficial Ownership

James D. Kellett, VP & Chief Accounting Officer of Dana Inc., reports transactions involving common stock and derivative securities, including the vesting of restricted stock units and dividend equivalent rights.

Summary

• On February 15, 2025, James D. Kellett, VP & Chief Accounting Officer of Dana Inc., reported changes in beneficial ownership of the company's securities.
• These changes involve transactions related to common stock and derivative securities, specifically restricted stock units and dividend equivalent rights.
• Kellett acquired 1,986 shares of common stock through the vesting of restricted stock units and 181 shares through dividend equivalent rights.
• He also disposed of 730 shares of common stock to cover tax obligations at a price of $16.09 per share.
• Following these transactions, Kellett directly owns 11,728 shares of common stock, 390 dividend equivalent rights, and no restricted stock units.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the document simply reports transactions related to executive compensation and tax obligations, which are routine.

Industry Context

This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock. It's a standard practice for executives to receive stock-based compensation and periodically adjust their holdings.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they represent routine adjustments to an executive's holdings.

Key Dates