[Form 4] Dine Brands Global, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Insider award accrual and ownership update for Dine Brands Global (DIN) Reporting person Arthur (Artie) Starrs, a company director, received 92.706 dividend equivalent rights tied to restricted stock units on 10/08/2025. Each dividend equivalent right equals one share of common stock and these rights accrued as dividends on the underlying restricted stock units; they vest and settle on the same schedule as those units. The filing shows the dividend equivalents were granted at a $0.00 price and increased Mr. Starrs’ direct beneficial ownership to 4,920.666 shares of common stock following the transaction. The form was signed by an attorney-in-fact on 10/10/2025.

Positive

• Director ownership increased to 4,920.666 shares, showing continued alignment with shareholders
• Dividend equivalents accrued as part of existing restricted stock units, indicating structured, equity-based compensation

Negative

• No immediate cash or freely tradable shares issued; dividend equivalents vest and settle only with underlying RSUs
• Filing lacks RSU vesting dates, so timing of conversion to shares is unspecified

Insights

Compensation & Equity Plan Analyst

Director received dividend equivalent accruals that increase reported holdings modestly.

Dividend equivalent rights of 92.706 were recorded as the economic equivalent of common shares and added to the director’s beneficial position, bringing total direct holdings to 4,920.666 shares. The rights are tied to restricted stock units and follow the same vesting and settlement schedule, so the economic exposure is contingent on the underlying RSU terms.

Key dependencies are the RSU vesting timeline and future dividend payments; if vesting is delayed or forfeited, these rights will not convert to cash or shares. Investors should note this is an accrual of dividend equivalents rather than an immediate share issuance or cash transaction.

Corporate Governance Specialist

This is a routine disclosure of director compensation-related accruals, not a market trade.

The filing uses Transaction Code V, consistent with dividend equivalent accruals linked to equity awards, and shows direct ownership form. The report was filed by a single reporting person and signed by an attorney-in-fact, which is standard practice for timely Section 16 reporting.

Material governance items to watch are the underlying RSU grant terms and vesting schedule that determine when these rights convert; absent those details in this filing, the accrual itself is informational and unlikely to materially change control or liquidity in the near term.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Starrs Artie

(Last) (First) (Middle)

10 WEST WALNUT STREET

5TH FLOOR

(Street)

PASADENA CA 91103

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Dine Brands Global, Inc. [ DIN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
10/08/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units (Dividend Equivalent Rights)	(1)	10/08/2025		A		92.706		(2)	(2)	Common Stock	92.706	$0.00	4,920.666	D

Explanation of Responses:

1. Each dividend equivalent right is the economic equivalent of one share of common stock.

2. Represents dividend equivalent rights that accrued on the underlying award of restricted stock units. Dividend equivalent rights accrue when and as dividends are paid on the common stock underlying the applicable 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.

	/s/ Christine K. Son as attorney-in-fact for Arthur Starrs	10/10/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Arthur Starrs report on the Form 4 for DIN?

The Form 4 reports accrual of 92.706 dividend equivalent rights related to restricted stock units on 10/08/2025, increasing direct beneficial ownership to 4,920.666 shares.

Does the Form 4 show a purchase or sale of DIN stock?

No. The transaction used code V, which records dividend equivalent accruals tied to restricted stock units rather than a market purchase or sale.

What is the economic effect of the dividend equivalents?

Each dividend equivalent right equals one share economically and accrues when dividends are paid on the underlying RSUs; actual share issuance or payment depends on the RSU settlement and vesting terms.

How many shares does Mr. Starrs beneficially own after the transaction?

The filing reports 4,920.666 shares of common stock beneficially owned following the reported accrual.

Was the Form 4 signed directly by the reporting person?

The form was signed by Christine K. Son as attorney-in-fact for Arthur Starrs on 10/10/2025.