DANA Inc (DAN) director receives 21 dividend equivalent rights tied to RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
OConnell Diarmuid B. reported acquisition or exercise transactions in this Form 4 filing.
DANA Inc director Diarmuid B. O’Connell received a grant of 21 dividend equivalent rights on March 20, 2026. These derivative awards accrued on previously granted restricted stock units and will become exercisable in step with those units. Each dividend equivalent right is economically equivalent to one share of DANA common stock, bringing his total derivative balance from this grant to 21 rights.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
OConnell Diarmuid B.
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)
- [object Object]
FAQ
What insider transaction did DANA Inc (DAN) report for Diarmuid B. O’Connell?
DANA Inc reported that director Diarmuid B. O’Connell received 21 dividend equivalent rights on March 20, 2026. These rights are tied to earlier restricted stock unit grants and mirror the value of common stock.
How many dividend equivalent rights did the DANA Inc director acquire?
The director acquired 21 dividend equivalent rights, with 21 rights held following the transaction. Each right represents the economic equivalent of one share of DANA common stock linked to existing restricted stock units.
What are dividend equivalent rights in the context of DANA Inc (DAN)?
Dividend equivalent rights are awards that accrue on previously granted restricted stock units. For DANA Inc, each right is the economic equivalent of one share of common stock and becomes exercisable proportionately with the related restricted stock units.
When do DANA Inc dividend equivalent rights become exercisable for the director?
The dividend equivalent rights become exercisable proportionately as the underlying restricted stock units vest. This means the director’s rights track the same schedule as the existing restricted stock unit awards to which they relate.
Does the DANA Inc Form 4 show a buy or sell of common stock?
The Form 4 does not show an open-market buy or sell of common stock. It reports an acquisition coded as a grant of derivative dividend equivalent rights connected to previously granted restricted stock units.