Nelligan Hanna Olivia 4

What Happened
Director Hanna Nelligan was granted 5,522 restricted stock units (RSUs) on February 6, 2026. The Form 4 lists the acquisition as an award (derivative) at $0.00 per unit — typical for compensation grants. These RSUs represent the right to receive one share of Dana common stock (or, at Dana’s election, cash) and include dividend equivalent rights. The RSUs vest in full on the first anniversary of the grant.

Key Details

• Transaction date: 2026-02-06 (reported on Form 4 filed 2026-02-10). Filing appears timely (within two business days).
• Award: 5,522 restricted stock units; price reported as $0.00 (derivative award).
• Vesting: RSUs vest in full on the first anniversary of the grant (see footnote).
• Rights: Each RSU equals one share or cash at company election and carries dividend equivalent rights.
• Shares owned after transaction: Not specified in the filing.
• No 10b5-1 plan, tax-withholding sale, or sale/exercise was reported in this filing.

Context
This was a compensation grant (an award of RSUs), not a market purchase or sale. RSUs do not represent current voting shares until vested and settled; they are commonly used for executive and director compensation. Such awards are routine corporate compensation and do not by themselves indicate a purchase-driven bullish signal or a sale-driven negative signal.