Nelligan Hanna Olivia 4

What Happened
Hanna Nelligan, a director of DANA Inc. (DAN), was granted 18 derivative shares on May 29, 2026. The Form 4 reports the grant as 18 shares at $0.00 (transaction code A — award/other acquisition). These are dividend-equivalent rights linked to previously granted restricted stock units (RSUs), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-05-29; reported filing date: 2026-06-02 (filed within the normal 2-business-day window).
• Transaction type/code: A = Award/Grant (derivative). Reported price: $0.00.
• Quantity: 18 dividend-equivalent rights (each is the economic equivalent of one share).
• Shares owned after the transaction: not specified in the filing.
• Footnote: Dividend equivalent rights accrued on previously granted RSUs and become exercisable proportionately with those RSUs; each dividend-equivalent right equals the economic equivalent of one share of Dana common stock.
• No indication of tax withholding, sale, or 10b5-1 plan in the filing.

Context
This was a compensation-related award (dividend-equivalent rights associated with RSUs). Such grants are routine executive/board compensation and do not represent an open-market buy or sell. The rights vest or become exercisable in step with the underlying RSUs, so they convert to economic ownership only as those RSUs vest.