Mack Michael J 4

What Happened Michael J. Mack, a director of DANA Inc. (DAN), was granted 21 derivative shares (recorded as an award, code "A") on 2026-03-20. The filing reports an acquisition price of $0.00 and a reported value of $0 because these are dividend-equivalent rights tied to previously granted restricted stock units (RSUs), not a cash purchase or open-market trade.

Key Details

• Transaction date: 2026-03-20; Form 4 filed: 2026-03-24 (filed within the standard two business-day window).
• Transaction type/code: Award/Acquisition (A); derivative instrument (dividend-equivalent rights on RSUs).
• Price/value: $0.00 reported (derivative award, not a cash transaction).
• Shares owned after transaction: Not specified in the provided filing.
• Footnote: F1 — dividend-equivalent rights accrued on previously granted RSUs and become exercisable proportionately with those RSUs; each dividend-equivalent right equals the economic equivalent of one share of Dana common stock.

Context Dividend-equivalent rights are typically paid or converted alongside the underlying RSUs and reflect dividends accrued on those awards. This grant is a compensation-related award rather than a purchase or sale and should be viewed as routine executive/director compensation, not a direct buy or sell signal.