LaFreniere Nora E. 4

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.