Kellett James D 4
4 · DANA Inc · Filed Feb 12, 2026
Research Summary
AI-generated summary of this filing
DANA (DAN) VP & CAO James D. Kellett Exercises RSUs; 995 Shares Withheld
What Happened
James D. Kellett, Vice President & Chief Accounting Officer of DANA Inc. (DAN), had vested restricted stock units (RSUs) converted into 2,871 shares of common stock on 2026-02-11 (reported on Form 4 filed 2026-02-12). The RSU conversion is reported as exercise/conversion of a derivative at $0.00 per share. To cover tax withholding, 995 shares were surrendered at $32.07 each, totaling $31,910. After withholding, the reporting person received a net 1,876 shares.
Key Details
- Transaction date: 2026-02-11; filing date: 2026-02-12 (appears timely).
- Conversion: 2,871 shares acquired via exercise/conversion of derivative securities (code M) at $0.00.
- Tax withholding: 995 shares withheld (code F) at $32.07/share for $31,910.
- Net shares received: 1,876 (2,871 converted − 995 withheld).
- Footnotes: F1 = shares withheld for tax obligation; F2–F4 = RSU-related dividend equivalents and standard RSU terms (each RSU = 1 share; vesting in three equal annual installments beginning on first anniversary).
- Shares owned after the transaction: not specified in the provided filing details.
Context
This was a routine vesting/conversion of RSUs with shares withheld to cover taxes (a common net-settlement/tax-withholding mechanism), not an open-market sale or purchase. Such withholding transactions are administrative and do not necessarily indicate an executive buying or selling stock for investment purposes.
Insider Transaction Report
- Exercise/Conversion
Common Stock, par value $0.01
2026-02-11+2,811→ 2,811 total - Exercise/Conversion
Common Stock, par value $0.01
2026-02-11+60→ 2,871 total - Tax Payment
Common Stock, par value $0.01
[F1]2026-02-11$32.07/sh−995$31,910→ 1,876 total - Exercise/Conversion
Dividend Equivalent Rights
[F2]2026-02-11−60→ 896 total→ Common Stock, par value $0.01 (60 underlying) - Exercise/Conversion
Restricted Stock Units
[F3][F4]2026-02-11−2,811→ 5,455 totalFrom: 2026-02-11→ Common Stock, par value $0.01 (2,811 underlying)
Footnotes (4)
- [F1]Represents the total number of shares of common stock withheld for the Reporting Person's tax obligation.
- [F2]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.
- [F3]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.
- [F4]Restricted stock units granted vest in three (3) equal annual installments beginning on the first anniversary date of the grant.