LaFreniere Nora E. 4

What Happened

• Nora E. LaFreniere, a director of DANA Inc. (DAN), recorded exercise/conversion (code M) transactions on 2026-02-11 that resulted in the conversion of 10,331 derivative units into common shares (10,104 + 227). All transactions show $0.00 per share (no cash paid or received in the reported entries). Matching disposals of the same amounts were also reported as derivative transactions the same day.

Key Details

• Transaction date: 2026-02-11; Form filed: 2026-02-12 (timely).
• Specific entries: acquired 10,104 shares @ $0.00 and 227 shares @ $0.00; corresponding disposals of 227 and 10,104 shares also reported @ $0.00.
• Total shares converted: 10,331; total cash consideration reported: $0.
• Shares owned after transaction: not provided in the excerpt supplied.
• Footnotes: F1–F3 indicate these were restricted stock units (RSUs) and related dividend equivalent rights that became exercisable/convertible upon vesting; each RSU represents one share (or cash at the company's election) and these RSUs vest in full on the first anniversary of the grant.
• Transaction codes: M = exercise/conversion of a derivative security; the disposals are recorded as derivative transactions.
• Possible settlement reason: converting RSUs and recording parallel disposals is commonly used to effect net settlement or satisfy tax-withholding obligations, though the filing itself does not state a motivation.

Context

• These entries reflect conversion/settlement of previously granted RSUs and dividend equivalents rather than an open-market buy or sell for cash. Because the reported price is $0.00, there was no purchase price paid; the paired disposals likely reflect company-side settlement procedures (e.g., withholding), not a cash sale to the market.
• For retail investors: conversions of vested RSUs are routine executive compensation events and do not necessarily signal a buy or sell opinion by the insider.