OConnell Diarmuid B. 4
4 · DANA Inc · Filed Feb 10, 2026
Research Summary
AI-generated summary of this filing
DANA Director Diarmuid O'Connell Receives 5,522 RSU Award
What Happened Diarmuid B. O'Connell, a director of DANA Inc. (DAN), received an award of 5,522 restricted stock units (RSUs) on 2026-02-06. The award was recorded at $0.00 per unit (standard for grants) and is reported as a derivative award rather than an open-market purchase or sale. This was a compensation grant, not a cash purchase or sale.
Key Details
- Transaction date and type: 2026-02-06 — Award/Grant (code A) of 5,522 RSUs at $0.00 each.
- Filing: Form 4 filed 2026-02-10 (timely within the 2-business-day reporting window).
- Vesting: RSUs vest in full on the first anniversary of the grant (per footnote).
- RSU terms: Each RSU represents the right to one share of common stock (or, at Dana’s election, cash equal to market value) and includes dividend equivalent rights.
- Shares owned after transaction: Not disclosed in the provided filing details.
- Nature: Derivative award (subject to vesting/forfeiture until vested).
Context RSUs are a common form of executive/director compensation; they do not convert into actual shares (or cash) until they vest. Because this is an award, it reflects compensation practices rather than an immediate buy or sell signal. If and when the RSUs vest, they will increase O'Connell’s beneficial ownership only if converted to shares (or provide cash if Dana elects).
Insider Transaction Report
- Award
Restricted Stock Units
[F1][F2][F3]2026-02-06+5,522→ 5,522 totalFrom: 2027-02-06→ Common Stock, par value $0.01 (5,522 underlying)
Footnotes (3)
- [F1]Restricted stock units granted pursuant to the Dana Incorporated 2021 Omnibus Incentive Plan.
- [F2]Each restricted stock unit granted represents the right to receive one share of Dana common stock or, at the election of Dana, cash equal to the market value per share. Each restricted stock unit contains dividend equivalent rights.
- [F3]Restricted stock units granted vest in full on the first anniversary date of the grant.