Mack Michael J 4

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.