WANDELL KEITH E 4

What Happened

• Keith E. Wandell, a director of DANA Inc. (DAN), was granted 21 dividend-equivalent shares on 2026-03-20. The filing records the acquisition as 21 shares at $0.00 (derivative award), reflecting dividend-equivalent rights related to previously granted restricted stock units (RSUs). This is an award/compensation event, not a market purchase or sale.

Key Details

• Transaction date: 2026-03-20. Transaction code: A (award/grant).
• Report filed: Form 4 filed 2026-03-24 (filed within the typical 2-business-day window after the transaction).
• Price recorded: $0.00 (derivative award — dividend-equivalent rights).
• Shares owned after transaction: not specified in the excerpt provided.
• Footnote: The dividend-equivalent rights accrued on previously granted RSUs and become exercisable proportionately with those RSUs; each dividend-equivalent right is the economic equivalent of one share of Dana common stock (Footnote F1).

Context

• These are derivative, compensation-related rights tied to existing RSUs rather than a cash purchase or sale. Dividend-equivalent rights typically mirror the value of dividends on common shares and vest/exercise in line with the underlying RSUs, so they do not necessarily signal a change in insider sentiment.