Hernandez Ernesto M 4

What Happened

• Ernesto M. Hernandez, a director of DANA Inc. (DAN), received a grant of 5,522 restricted stock units (RSUs) on February 6, 2026. The grant is reported as a derivative award at $0.00 per unit (typical for RSU grants); no cash changed hands at grant.

Key Details

• Transaction date: 2026-02-06; Filing date: 2026-02-10 (filed timely).
• Award: 5,522 restricted stock units (RSUs) @ $0.00 (reported value $0 at grant).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnotes from the filing:
  • RSUs were granted under the Dana Incorporated 2021 Omnibus Incentive Plan.
  • Each RSU entitles the holder to receive one share of Dana common stock or, at Dana’s election, cash equal to the market value per share; each unit includes dividend equivalent rights.
  • The RSUs vest in full on the first anniversary of the grant (one-year cliff).
• This transaction is an award/compensation grant (code A), not an open-market purchase or sale.

Context

• RSU grants are commonly used as compensation for directors and do not represent immediate ownership of shares until they vest. The economic value to the insider will depend on Dana’s stock price at the vesting date and whether Dana settles the units in shares or cash.