Form 4: Dana Inc. Executive James D. Kellett Reports Stock Transactions

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

Summary

• On February 13, 2025, James D. Kellett, VP & Chief Accounting Officer of Dana Inc., engaged in transactions involving Dana Inc. common stock and derivative securities.
• These transactions included the vesting of 3,472 and 117 restricted stock units, as well as the disposal of 1,244 shares to cover tax obligations at a price of $15.8 per share.
• On February 14, 2025, Kellett vested 2,403 and 148 restricted stock units.
• Additionally, 884 shares were disposed of to cover tax obligations at a price of $16.09 per share.
• Following these transactions, Kellett directly owns 10,291 shares of Dana Inc. common stock.
• Kellett also owns 719 and 571 dividend equivalent rights and 6,739 and 2,402 restricted stock units.

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 about the company's performance.

Industry Context

This filing is a routine disclosure of insider transactions, which are common for executives who receive stock-based compensation. These filings are closely watched by investors for insights into management's perspective on the company's stock.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their executives.
• The vesting schedules and tax withholding practices are typical for stock-based compensation plans, similar to those at companies like Cummins and Meritor.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in the number of shares held by an insider.
• The transactions have no direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

Form 4, Beneficial Ownership, Stock Transactions, Restricted Stock Units, Dividend Equivalent Rights, Dana Inc, Kellett, Insider Trading