Form 4: DANA SVP Acquires 1,047 Dividend Equivalent Rights

DANA Inc.'s SVP, General Counsel, and Secretary, Douglas H. Liedberg, acquired 1,047 dividend equivalent rights on November 28, 2025, increasing his beneficial ownership to 7,065.

Summary

• Douglas H. Liedberg, SVP, General Counsel, and Secretary of DANA Inc. (DAN), reported an acquisition of derivative securities.
• On November 28, 2025, Liedberg acquired 1,047 Dividend Equivalent Rights (DERs).
• These DERs accrued on previously granted restricted stock units and become exercisable proportionately with the related restricted stock units.
• Each DER is the economic equivalent of one share of Dana common stock.
• Following this transaction, Liedberg beneficially owns 7,065 Dividend Equivalent Rights.
• The transaction price for these DERs was $0.0000, as they represent an accrual rather than a direct purchase.

Sentiment

Score: 6

Explanation: Slightly positive as an insider increased their equity-linked holdings, aligning their interests with shareholders, though it's an accrual rather than a direct purchase.

Positives

• An insider, Douglas H. Liedberg, increased his beneficial ownership of equity-linked instruments, which can signal confidence in the company's future performance.
• The acquisition of 1,047 Dividend Equivalent Rights aligns management's interests with those of shareholders.

Negatives

• No direct negatives are apparent from this specific Form 4 filing.

Risks

• The value of the Dividend Equivalent Rights is tied to the performance of DANA Inc.'s common stock, exposing the holder to market risk.
• The exercisability of these rights is contingent upon the vesting of the underlying restricted stock units, introducing a vesting risk.

Future Outlook

Not applicable. This filing reports a past transaction, not future guidance.

Industry Context

Not applicable. This is an individual insider transaction report, not a broader industry analysis.

Related Party Transactions

• The transaction involves an executive (Douglas H. Liedberg) and the company (DANA Inc.), which is inherently a related party transaction in the context of executive compensation.

Stakeholder Impact

• Shareholders: Potentially positive, as increased insider ownership of equity-linked instruments can signal management's confidence and align their interests with long-term shareholder value creation.
• Employees: No direct impact mentioned.
• Customers: No direct impact mentioned.
• Suppliers: No direct impact mentioned.
• Creditors: No direct impact mentioned.

Next Steps

• The Dividend Equivalent Rights will become exercisable proportionately with the restricted stock units to which they relate.

Key Dates

Keywords

DANA Inc, DAN, Form 4, insider transaction, beneficial ownership, dividend equivalent rights, executive compensation, restricted stock units, Douglas H. Liedberg