Mack Michael J 4

What Happened

• Michael J. Mack, a director of DANA Inc. (DAN), was granted 18 derivative shares on 2026-05-29. The Form 4 reports these as an award/acquisition (code A) of 18 shares at $0.00 (total $0) and identifies them as derivative securities rather than an open-market purchase.

Key Details

• Transaction date: 2026-05-29; Form 4 filed: 2026-06-02 (filed within the two-business-day window).
• Transaction type/code: A (award/acquisition) — 18 shares acquired at $0.00 (derivative).
• Shares owned after transaction: Not disclosed in the provided filing details.
• Footnote: Dividend-equivalent rights accrued on previously granted restricted stock units (RSUs) and become exercisable proportionately with those RSUs; each dividend equivalent equals the economic equivalent of one share of Dana common stock.
• No 10b5-1 plan, tax-withholding, or sale information disclosed in this report.

Context

• These derivative "dividend equivalent" awards are a form of compensation tied to previously granted RSUs and are routine for executives and directors. They are not an open-market purchase (which might be viewed as a more direct bullish signal) nor a sale. The filing shows the grant but does not by itself indicate the director’s trading intent.