Form 4: Icahn Reports Acquisition of Dividend Equivalent Rights in Dana Inc.

Brett Icahn, a director at Dana Inc., reports acquiring dividend equivalent rights related to previously granted restricted stock units.

Summary

• Brett Icahn, a director of Dana Inc., filed a Form 4 with the SEC.
• The filing reports a transaction on March 21, 2025, involving dividend equivalent rights.
• Icahn acquired 71 dividend equivalent rights related to previously granted restricted stock units.
• These rights are the economic equivalent of one share of Dana common stock each and become exercisable proportionately with the related restricted stock units.
• Following the transaction, Icahn directly owns 71 dividend equivalent rights.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, and the transaction itself is neither particularly positive nor negative. It reflects standard compensation practices.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders. Dividend equivalent rights are often used in executive compensation packages to provide similar benefits to stock ownership without actually granting stock until certain conditions are met.

Key Dates

Keywords

Form 4, Dividend Equivalent Rights, Beneficial Ownership, Dana Inc, Icahn, Director, Securities