LaFreniere Nora E. 4
4 · DANA Inc · Filed Jun 2, 2026
Research Summary
AI-generated summary of this filing
DANA (DAN) Director Nora LaFreniere Receives Award
What Happened Nora E. LaFreniere, a director of DANA Inc. (DAN), was granted 18 dividend-equivalent rights related to previously awarded restricted stock units on 2026-05-29. The Form 4 reports these as 18 shares acquired at $0.00 (derivative award), so no purchase price or cash payment was made.
Key Details
- Transaction date: 2026-05-29; reported on Form 4 filed 2026-06-02 (timely filing).
- Reported transaction: Grant/award (code A) of 18 dividend-equivalent rights @ $0.00; total reported value $0.
- Shares owned after transaction: Not specified in the filing.
- 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.
Context Dividend-equivalent awards are a common form of compensation that mirror dividends on outstanding restricted stock units; they are derivative in nature and do not reflect an open-market purchase or sale. Such awards are routine for directors and should be viewed as compensation-related, not a straightforward bullish or bearish trading signal.
Insider Transaction Report
- Award
Dividend Equivalent Rights
[F1]2026-05-29+18→ 39 total→ Common Stock, par value $0.01 (18 underlying)
Footnotes (1)
- [F1]Dividend equivalent rights accrued on previously granted restricted stock units and become exercisable proportionately with the restricted stock units to which they relate. Each dividend equivalent right is the economic equivalent of one share of Dana common stock.