Form 4: Dine Brands Global Director Michael Hyter Reports Acquisition of Dividend Equivalent Rights
SEC Form 4 Filing
Director Michael Hyter reports acquisition of dividend equivalent rights related to restricted stock units of Dine Brands Global, Inc.
Summary
- On July 5, 2024, Michael Hyter, a director of Dine Brands Global, Inc., acquired dividend equivalent rights related to restricted stock units.
- The transaction involved 40.82 dividend equivalent rights, each representing the economic equivalent of one share of common stock.
- These rights accrued on the underlying award of restricted stock units and 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 reported transaction, Hyter beneficially owns 2,691.736 dividend equivalent rights directly.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing. It doesn't convey any positive or negative sentiment about the company's performance or prospects.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Key Dates
| Date | Description |
|---|---|
| 07/05/2024 | Date of transaction: Michael Hyter acquired dividend equivalent rights. |
| 07/09/2024 | Date of signature on the Form 4 filing. |
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