Karlin Bridget E 4

What Happened

• Bridget E. Karlin, a director of DANA Inc. (DAN), executed conversions of derivative awards (transaction code M) on 2026-02-11. The filings show conversions of 10,104 shares and 227 shares (total 10,331 shares) at $0.00 per share. The same amounts were also reported as disposed on the same date, resulting in no net change in her reported holdings.
• No cash price or sale proceeds are reported (all entries show $0.00), consistent with conversion/settlement of restricted stock units (RSUs) and related dividend-equivalent rights rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-02-11; Form 4 filed 2026-02-12 (timely).
• Transaction code: M (exercise or conversion of a derivative).
• Shares involved: 10,104 + 227 = 10,331 shares converted and 10,331 shares disposed; net change in holdings = 0.
• Price: $0.00 per share on both acquisition and disposition lines.
• Footnotes: F1–F3 indicate these relate to dividend-equivalent rights accrued on previously granted RSUs, each RSU represents one share (or cash at the company's election), and the RSUs vest in full on the first anniversary of the grant.
• Filing does not specify the reason for the immediate dispositions (e.g., tax withholding or net settlement), nor does it state the insider’s holdings after the transactions.

Context

• This was a conversion/settlement of RSUs and related dividend equivalents rather than a purchase or market sale. Because the acquired shares were also disposed the same day, the filing shows no increase in her effective share ownership.
• Such conversions and immediate dispositions are commonly used to satisfy tax withholding or to effect net settlement of awards; the Form 4 itself does not confirm the exact purpose.