DANA Inc (NYSE: DAN) SVP granted 342 dividend equivalent rights
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Pour Brian Keith reported acquisition or exercise transactions in this Form 4 filing.
DANA Inc senior executive Brian Keith Pour received a grant of 342 Dividend Equivalent Rights on Dana common stock. These rights were awarded as a compensation-related grant and are economically equivalent to 342 shares of Dana common stock. They accrue on previously granted restricted stock units and become exercisable in step with those restricted stock units. Following this award, Pour directly holds a total of 4,924 Dividend Equivalent Rights linked to Dana common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Pour Brian Keith
Role
SVP & Pres Comm Veh Drive
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Dividend Equivalent Rights | 342 | $0.00 | -- |
Holdings After Transaction:
Dividend Equivalent Rights — 4,924 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did DANA Inc (DAN) report for Brian Keith Pour?
DANA Inc reported that executive Brian Keith Pour received a grant of 342 Dividend Equivalent Rights. These rights are tied to previously granted restricted stock units and mirror the value of Dana common shares as they vest over time.
What are Dividend Equivalent Rights in the DANA Inc (DAN) Form 4 filing?
Dividend Equivalent Rights are awards that accrue on restricted stock units and track dividends on Dana common stock. Each right is the economic equivalent of one share of Dana common stock and becomes exercisable proportionately as the related restricted stock units vest.
How many Dividend Equivalent Rights does Brian Keith Pour hold after this DANA Inc (DAN) grant?
After the grant reported, Brian Keith Pour holds 4,924 Dividend Equivalent Rights. This total includes the newly awarded 342 rights and represents his direct position in these derivative awards linked to Dana common stock as of the transaction date.
Was the DANA Inc (DAN) insider transaction a market purchase or sale?
The reported transaction was not a market purchase or sale. It was a compensation-related grant classified as a grant, award, or other acquisition of 342 Dividend Equivalent Rights, with no price per right and no open-market trading reported.
How do the DANA Inc (DAN) Dividend Equivalent Rights become exercisable for Brian Keith Pour?
The Dividend Equivalent Rights become exercisable proportionately with the restricted stock units to which they relate. As those restricted stock units vest over time, the associated Dividend Equivalent Rights also become exercisable, reflecting the economic value of Dana common stock dividends.