DANA Inc (DAN) director receives 21 dividend equivalent rights as compensation
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Nelligan Hanna Olivia reported acquisition or exercise transactions in this Form 4 filing.
DANA Inc director Hanna Olivia Nelligan reported a compensation-related award of derivative securities. She received 21 dividend equivalent rights linked to previously granted restricted stock units, each economically equal to one share of DANA common stock. Following this grant, she holds 21 dividend equivalent rights directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Nelligan Hanna Olivia
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Dividend Equivalent Rights | 21 | $0.00 | -- |
Holdings After Transaction:
Dividend Equivalent Rights — 21 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did DANA Inc (DAN) disclose for Hanna Olivia Nelligan?
DANA Inc disclosed that director Hanna Olivia Nelligan received 21 dividend equivalent rights as a compensation-related award. These rights are tied to previously granted restricted stock units and are each economically equivalent to one share of DANA common stock.
Are the DANA Inc (DAN) transactions by Hanna Olivia Nelligan a stock purchase or sale?
The reported activity is not a stock purchase or sale. It is a grant of 21 dividend equivalent rights, a form of compensation that mirrors dividends and relates to existing restricted stock units, rather than an open-market trade in DANA Inc shares.
How many dividend equivalent rights did the DANA Inc (DAN) director receive?
The director received 21 dividend equivalent rights. Each right is economically equivalent to one share of DANA common stock and is tied proportionately to previously granted restricted stock units, according to the footnote explanation in the disclosure.
What are dividend equivalent rights in the context of DANA Inc (DAN)?
Dividend equivalent rights are derivative awards that mirror dividends on underlying shares. For DANA Inc, they accrue on previously granted restricted stock units and become exercisable proportionately with those units, with each right equal in economic value to one share of common stock.
Does the DANA Inc (DAN) Form 4 show remaining derivative holdings for the director?
After this grant, the Form 4 shows the director holding 21 dividend equivalent rights directly. The derivative summary section does not list additional remaining derivative positions beyond this award in the provided data excerpt.
Is the DANA Inc (DAN) insider award tied to performance or existing grants?
The award is tied to existing grants. The filing states that dividend equivalent rights accrued on previously granted restricted stock units and become exercisable in proportion to those units, rather than being described as a standalone performance-based grant.