Form 4: DANA Inc. VP & Chief Accounting Officer Reports Acquisition of Dividend Equivalent Rights

James D. Kellett, VP & Chief Accounting Officer at DANA Inc., reported the acquisition of 107 dividend equivalent rights on May 30, 2025, linked to previously granted restricted stock units.

Summary

• James D. Kellett, VP & Chief Accounting Officer of DANA Inc. (DAN), reported a transaction on May 30, 2025.
• The transaction involved the acquisition of 107 Dividend Equivalent Rights.
• These rights accrued on previously granted restricted stock units and become exercisable proportionately with those units.
• Each dividend equivalent right is economically equivalent to one share of Dana common stock.
• Following this transaction, Mr. Kellett beneficially owns 618 derivative securities.
• The acquisition price for these rights was $0.0000, indicating they were accrued rather than purchased.

Sentiment

Score: 5

Explanation: The sentiment is neutral as this is a routine and expected insider transaction (accrual of dividend equivalent rights) and does not convey significant positive or negative news about the company's operations or financial health.

Positives

• The accrual of dividend equivalent rights indicates the continued vesting of previously granted restricted stock units, aligning management's interests with shareholder value.

Negatives

• No negative information is present in this routine insider transaction report.

Risks

• No specific risks are mentioned in this Form 4 filing.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This filing is a routine insider transaction report and does not provide information relevant to broader industry trends or competitive analysis.

Comparison to Industry Standards

• This document is a standard SEC Form 4 filing, reporting an insider's beneficial ownership changes. It does not contain information that allows for a comparison to industry-specific financial or operational benchmarks or specific comparable companies/projects.

Stakeholder Impact

• This routine insider transaction has minimal direct impact on shareholders, employees, customers, suppliers, or creditors, as it reflects a standard component of executive compensation.

Next Steps

• This Form 4 filing does not outline any specific future actions, events, or milestones for the company or the reporting person beyond the standard vesting schedule of the underlying restricted stock units.

Key Dates

Keywords

DANA Inc., DAN, Form 4, Insider Transaction, Dividend Equivalent Rights, Restricted Stock Units, James D. Kellett, Beneficial Ownership, SEC Filing