Kellett James D 4

What Happened
James D. Kellett, Vice President and Chief Accounting Officer of DANA Inc. (DAN), was reported on a Form 4 as acquiring 101 derivative units on 2026-05-29. The filing lists the transaction as an award/acquisition (code A) at $0.00 per unit (no cash paid). These are dividend-equivalent rights related to previously granted restricted stock units (RSUs), recorded as the economic equivalent of 101 shares.

Key Details

• Transaction date: 2026-05-29; Filed with the SEC: 2026-06-02 (within the typical 2-business-day Form 4 reporting window).
• Transaction type/code: Award/Acquisition (A). Price reported: $0.00; total cash paid: $0.
• Amount: 101 dividend-equivalent rights (derivative units tied to RSUs).
• Shares owned after transaction: Not specified in the filing.
• Footnote: Dividend equivalent rights accrued on previously granted RSUs and become exercisable proportionately with the RSUs; each right is the economic equivalent of one share of Dana common stock (see footnote F1).

Context
This was an award of derivative rights (not an open-market purchase or sale). Dividend-equivalent rights typically mirror cash dividends or share value and convert or become exercisable alongside the underlying RSUs when those RSUs vest; they do not by themselves indicate a buy or sell sentiment. No 10b5-1 plan, tax-withholding sale, or late filing was reported in this disclosure.