Berk Howard M 4

What Happened
Berk M. Howard, a director of Dine Brands Global, Inc. (DIN), was granted 26.407 shares (reported as a derivative award) on April 10, 2026. The filing shows an acquisition price of $0.00 and total reported value of $0. These shares represent dividend equivalent rights tied to an underlying restricted stock unit (RSU) award rather than an open-market purchase or cash exercise.

Key Details

• Transaction date: 2026-04-10; Form 4 filed: 2026-04-14 (filed within two business days).
• Transaction type/code: A — Grant/award (derivative); 26.407 shares acquired at $0.00.
• Shares owned after transaction: Not disclosed in this filing.
• Footnotes:
  • F1: Each dividend equivalent right is the economic equivalent of one share of common stock.
  • F2: These dividend equivalent rights accrued on underlying RSUs, vest proportionately with those RSUs, and are subject to the same settlement and expiration terms as the RSUs.

Context
This was an award of dividend-equivalent rights associated with RSUs, not a cash purchase or sale of common stock. Such awards are commonly part of director compensation and do not necessarily signal a change in the director’s market view. Because the rights vest and settle with the underlying RSUs, actual common shares may be delivered later according to the RSU terms.