Form 4: Dine Brands Global Director Howard M. Berk Reports Dividend Equivalent Rights Acquisition
SEC Form 4 Filing
Director Howard M. Berk reports acquisition of dividend equivalent rights related to restricted stock units of Dine Brands Global, Inc.
Summary
- On October 9, 2024, Howard M. Berk, a director of Dine Brands Global, Inc., filed a Form 4 with the SEC.
- The report details the acquisition of 46.098 dividend equivalent rights on October 8, 2024.
- These rights are economically equivalent to shares of common stock and accrued on underlying restricted stock units.
- The price of the derivative security is $0.00.
- Following the transaction, Berk directly owns 2,737.834 derivative securities.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice for corporate insiders to report transactions in their company's securities, providing transparency to the market.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding insider activity.
Key Dates
| Date | Description |
|---|---|
| 10/08/2024 | Date of transaction: Acquisition of dividend equivalent rights |
| 10/09/2024 | Date of Form 4 filing |
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