Dana (DAN) Director Diarmuid O'Connell Exercises and Disposes 10,331 Shares

What Happened
Diarmuid B. O'Connell, a director of Dana Inc. (DAN), exercised/converted derivative securities on February 11, 2026, resulting in the acquisition of 10,331 shares (10,104 + 227) at $0.00 and the simultaneous disposition of the same 10,331 shares at $0.00. The filing reports $0 total cash value for these transactions.

Key Details

• Transaction date: 2026-02-11 (reported on Form 4 filed 2026-02-12). Filing marked late (timeliness = L).
• Transactions: Code M (exercise/conversion of derivative securities). Acquired 10,104 and 227 shares; Disposed 10,104 and 227 shares. Aggregate = 10,331 shares; reported price $0.00 and $0 total.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes in the filing:
  • F1/F2: Dividend equivalent rights accrued on previously granted restricted stock units (RSUs) become exercisable proportionately with the RSUs to which they relate.
  • F2: Each RSU represents the right to one share (or cash at Dana’s election) and includes dividend equivalents.
  • F3: The RSUs vest in full on the first anniversary of the grant.
• Filing timeliness: Marked late; late Form 4s reduce timely public transparency and can draw scrutiny or penalties, though the filing itself does not explain the delay.

Context

• The filing shows exercise/conversion of derivative securities followed by immediate disposition of the same shares. The Form 4 does not state the reason for the disposition (e.g., share withholding for taxes, cashless exercise, or sale), so no inference about insider sentiment should be drawn from the mechanics alone.