Form 4: Dine Brands Global Director Douglas Pasquale Reports Acquisition of Dividend Equivalent Rights
SEC Form 4 Filing
Director Douglas Pasquale reported the acquisition of dividend equivalent rights related to restricted stock units of Dine Brands Global, Inc.
Summary
- On October 8, 2024, Douglas M. Pasquale, a director of Dine Brands Global, Inc., reported the acquisition of 46.098 dividend equivalent rights.
- These rights are associated with restricted stock units and are economically equivalent to shares of common stock.
- The dividend equivalent rights accrued on the underlying award of restricted stock units and vest proportionately with those units.
- Following the transaction, Pasquale beneficially owns 2,737.834 derivative securities.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing regarding a director's acquisition of dividend equivalent rights, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and holdings, common in publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| 10/08/2024 | Date of transaction: Douglas Pasquale acquired dividend equivalent rights. |
| 10/09/2024 | Date of signature on the Form 4 filing. |
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