Form 4: DANA VP & Chief Accounting Officer Reports Stock Transactions

James D. Kellett, VP & Chief Accounting Officer of DANA Inc, reported the acquisition of common stock and restricted stock units, alongside a tax-related disposition.

Summary

• James D. Kellett, VP & Chief Accounting Officer of DANA Inc. (DAN), reported transactions involving the company's common stock and derivative securities.
• Transactions occurred on February 11, 2026, and were made pursuant to a Rule 10b5-1(c) plan.
• Acquired 2,811 shares of common stock through the exercise/conversion of restricted stock units at a price of $0.0000 per share.
• Acquired an additional 60 shares of common stock through the exercise/conversion of dividend equivalent rights at a price of $0.0000 per share.
• Disposed of 995 shares of common stock at $32.07 per share to satisfy tax obligations.
• Following these transactions, Kellett beneficially owns 1,876 shares of common stock directly.
• Acquired 60 dividend equivalent rights and 2,811 restricted stock units.
• Beneficially owns 896 dividend equivalent rights and 5,455 restricted stock units directly.
• Restricted stock units vest in three equal annual installments starting on the first anniversary of the grant date.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive filing, reflecting routine equity compensation vesting and tax-related dispositions, with the executive maintaining significant equity holdings.

Positives

• VP & Chief Accounting Officer James D. Kellett acquired 2,811 shares of common stock and 60 additional shares through the exercise/conversion of equity awards, indicating continued equity ownership.
• The transactions were conducted under a Rule 10b5-1(c) plan, suggesting pre-planned and systematic equity management.

Negatives

• 995 shares of common stock were disposed of to cover tax obligations, reducing direct common stock holdings.

Risks

• NA

Future Outlook

The filing indicates that restricted stock units granted to the reporting person will vest in three equal annual installments, beginning on the first anniversary date of the grant, suggesting future equity compensation realization.

Management Comments

• NA

Industry Context

StockSavvy.ai notes that insider transaction reports like this Form 4 provide transparency into executive equity holdings and compensation structures, which are standard practices across publicly traded companies in the automotive and industrial sectors. While this specific filing details routine equity award vesting and tax-related dispositions, it reflects ongoing management alignment with shareholder interests through equity ownership.

Comparison to Industry Standards

• NA

Stakeholder Impact

• Shareholders: Provides transparency into executive equity ownership and compensation, aligning management interests with shareholders.
• Employees: Reflects standard executive compensation practices, which can influence broader employee compensation strategies.

Next Steps

• Restricted stock units will continue to vest in three equal annual installments beginning on the first anniversary date of the grant.

Key Dates

Recommendation

This Form 4 filing details routine insider transactions related to equity compensation vesting and tax withholding under a pre-arranged plan. It does not provide new fundamental information about the company's operational performance, strategic direction, or financial health that would warrant a change in investment recommendation. The executive maintains significant equity holdings, which is generally a positive for alignment, but the transactions themselves are expected and do not signal a strong buy or sell opportunity.

Keywords

DANA Inc, DAN, Form 4, Insider Trading, Stock Transaction, Restricted Stock Units, Dividend Equivalent Rights, Equity Compensation, James D. Kellett, VP & Chief Accounting Officer, Rule 10b5-1