OConnell Diarmuid B. 4

What Happened Diarmuid B. O'Connell, a director of DANA Inc. (DAN), was granted 21 derivative shares (recorded as an award) on March 20, 2026. The shares were acquired at $0.00 (no cash paid) and reported as derivative awards tied to previously granted restricted stock units. This is an award/compensation event rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-03-20 (reported on Form 4 filed 2026-03-24).
• Transaction type/code: Award/Grant (A) — 21 derivative shares @ $0.00.
• Cash value reported on Form 4: $0 (no purchase price). Market value not provided in the filing excerpt.
• Shares owned after transaction: Not specified in the provided data.
• Footnote: Dividend equivalent rights accrued on previously granted restricted stock units and become exercisable proportionately with those RSUs; each dividend equivalent right is the economic equivalent of one share of Dana common stock.
• Timeliness: Filing was submitted within the standard Form 4 reporting window.

Context These were dividend-equivalent derivative awards tied to existing restricted stock units (RSUs), meaning the grant represents accumulated dividend rights that will vest/exercise in line with the underlying RSUs. Such awards are common as part of director/employee compensation and do not, by themselves, indicate a buy or sell signal from the insider.