Form 4: Dine Brands Global Director Artie Starrs Reports Acquisition of Dividend Equivalent Rights
SEC Form 4 Filing
Director Artie Starrs reports acquisition of dividend equivalent rights related to restricted stock units.
Summary
- On April 4, 2025, Artie Starrs, a director of Dine Brands Global, Inc., acquired 111.745 dividend equivalent rights related to restricted stock units.
- These rights are economically equivalent to shares of common stock and accrue as dividends are paid on the underlying restricted stock units.
- The dividend equivalent rights vest proportionately with, and are subject to settlement and expiration upon the same terms as, the restricted stock units to which they relate.
- Following the transaction, Starrs directly owns 4,732.745 derivative securities.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction related to executive compensation, suggesting a neutral to slightly positive sentiment as it indicates continued alignment of director interests with the company's performance.
Industry Context
This filing reflects routine compensation practices for directors, aligning their interests with shareholders through equity-based awards.
Stakeholder Impact
- The acquisition of dividend equivalent rights aligns the director's interests with those of the shareholders.
Key Dates
| Date | Description |
|---|---|
| 04/04/2025 | Date of transaction: Acquisition of dividend equivalent rights |
| 04/08/2025 | Date of signature on the Form 4 filing |
Keywords
Dine Brands Global, Artie Starrs, dividend equivalent rights, restricted stock units, Form 4, director, beneficial ownership
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