Mack Michael J 4

4 · DANA Inc · Filed Feb 12, 2026

AI-generated summary of this filing

Updated Feb 12, 2026

DANA Director Michael J. Mack Exercises and Sells RSUs

What Happened

Michael J. Mack, a director of DANA Inc. (DAN), exercised/converted derivative awards on 2026-02-11. The filing shows conversion of 10,104 and 227 derivative units (total 10,331) at an exercise/conversion price of $0.00 and the same amounts were disposed of that same day. The $0.00 price is consistent with restricted stock unit (RSU) conversions rather than option purchases.

Key Details

Transaction date: 2026-02-11; Filing date: 2026-02-12 (timely).
Transactions reported as code M (exercise or conversion of derivative) with immediate dispositions also reported (i.e., shares acquired via conversion and then disposed).
Shares involved: 10,104 and 227 (total 10,331). Reported price per share: $0.00 (reflects RSU conversion). Reported dollar value for the dispositions not specified in the excerpt.
Shares owned after the transaction: not disclosed in the provided filing excerpt.
Footnotes from the filing:
- F1: Dividend equivalent rights accrued on previously granted RSUs become exercisable proportionately with the RSUs when they vest.
- F2: Each RSU represents the right to one share (or, at Dana’s election, cash) and contains dividend equivalent rights.
- F3: These RSUs vest in full on the first anniversary of the grant.

Context

This looks like an RSU conversion and immediate sale/disposition rather than a cash purchase—common for vested RSUs being settled and sold (often to cover taxes or realize value). The filing shows conversion at $0.00 because RSUs typically have no exercise price. The filing is informational and does not, by itself, indicate the insider’s view of the company’s prospects.

Form 4

Period: 2026-02-11

Director

Transactions

Exercise/Conversion
Common Stock, par value $0.01
2026-02-11+10,104→ 63,834 total
Exercise/Conversion
Common Stock, par value $0.01
2026-02-11+227→ 64,061 total
Exercise/Conversion
Dividend Equivalent Rights
[F1]
2026-02-11−227→ 0 total
→ Common Stock, par value $0.01 (227 underlying)
Exercise/Conversion
Restricted Stock Units
[F2][F3]
2026-02-11−10,104→ 0 total
From: 2026-02-11→ Common Stock, par value $0.01 (10,104 underlying)

Footnotes (3)

[F1]Dividend equivalent rights accrued on previously granted restricted stock units and become exercisable proportionately with the restricted stock units to which they relate, which have vested.
[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.

Signature

/s/ Laura L. Aossey on behalf of Michael J. Mack, Jr.|2026-02-12

1 file