DAHL RICHARD J 4

What Happened

• Richard J. Dahl, a director of Dine Brands Global (DIN), received 4,946.607 shares on March 6, 2026 upon the vesting and settlement of restricted stock units and related dividend equivalent rights. The filing values the shares at $31.58 each, totaling approximately $156,214. The Form 4 records a conversion/disposition of the derivative instrument and the issuance of the underlying common shares (typical for RSU settlement).

Key Details

• Transaction date: 2026-03-06; Form 4 filed: 2026-03-09 (timely filing).
• Reported value: 4,946.607 shares × $31.58 = $156,214 (approx).
• Transaction type: Vesting/settlement of RSUs (reported as derivative conversion, code M).
• A transfer of 3,600 directly held shares to the Richard J. Dahl Revocable Living Trust dated 01/20/1995 is noted as exempt under Rule 16a-13 (footnote F2).
• Shares held by Richard James Dahl as trustee for that trust are referenced (footnote F3).
• The filing does not show an immediate sale of the newly issued shares; post-transaction total shares owned is not specified in the provided filing excerpt.

Context

• This was an award/settlement event (not a cash purchase or open-market sale), so it reflects compensation vesting rather than a market-direction trade. The derivative-conversion entries are the mechanics of settling RSUs into common stock; no immediate cashless sale is reported. Transfers to a revocable trust noted here are exempt from Section 16 reporting under Rule 16a-13 and do not by themselves indicate a change in investment sentiment.