McDonald R Bruce 4

What Happened

R. Bruce McDonald, Chairman and CEO of DANA Inc. (DAN), was granted 701 derivative units on March 20, 2026. The grant is reported as an award/acquisition (code A) at $0.00 per unit — these are dividend equivalent rights related to previously granted restricted stock units (RSUs), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-03-20; reported on Form 4 filed 2026-03-24 (timely filing).
• Transaction type/code: Award/Grant (A) — derivative (dividend equivalent rights).
• Shares/units acquired: 701 units at $0.00 (no cash paid).
• Shares owned after transaction: Not disclosed in this filing.
• Footnote: The dividend equivalent rights accrued on previously granted RSUs and become exercisable proportionately with those RSUs; each right is the economic equivalent of one share of Dana common stock.
• This is an award (not a purchase or sale) and therefore should be viewed as compensation/benefit tied to prior equity grants rather than a market sentiment trade.

Context

Dividend equivalent rights are typically tied to RSUs and generally convert or become exercisable in line with the underlying RSU vesting terms. Because this is a derivative award tied to prior grants, it differs from an outright stock purchase or sale and doesn’t directly signal buying or selling activity by the insider.