Kellett James D 4

4 · DANA Inc · Filed Jul 24, 2026

AI-generated summary of this filing

Updated Jul 24, 2026

DANA (DAN) VP & Chief Accounting Officer James Kellett Exercises RSUs

What Happened

James D. Kellett, Vice President & Chief Accounting Officer of DANA Inc. (DAN), converted restricted stock units (derivative conversion) into 6,287 shares on July 23, 2026. Of those, 1,799 shares were withheld to cover tax obligations (valued at $28.04 per share, total $50,444). Net shares issued to Kellett were approximately 4,488 shares (6,287 issued minus 1,799 withheld), worth roughly $125,844 at $28.04 per share based on the withholding price disclosed.
This was a conversion/settlement of equity awards (not an open‑market purchase or sale). Withholding of shares for taxes is a routine administrative step, not an open‑market sale.

Key Details

Transaction date: 2026-07-23; Form filed 2026-07-24 (timely).
Actions reported: conversion/exercise of derivative awards (code M) for 6,287 shares (6,186 + 101) at $0.00 per share (acquisition by conversion); tax withholding (code F) of 1,799 shares at $28.04/share ($50,444); corresponding derivative dispositions reported to reflect settlement.
Shares owned after the transaction: not provided in the data supplied.
Notable footnotes: F1 = shares withheld to satisfy tax obligation; F2–F4 indicate these were restricted stock units (RSUs) that include dividend equivalent rights and vest in three equal annual installments (each RSU = one share or, at the company’s election, cash).
Filing timeliness: appears filed the next day and not labeled late.

Context

This was a typical equity award settlement (conversion of RSUs) with a cashless/net share withholding to meet tax liabilities. Such transactions are routine compensation events and do not necessarily indicate a change in insider sentiment.

Form 4

Period: 2026-07-23

VP & Chief Accounting Officer

Transactions

Exercise/Conversion
Common Stock, par value $0.01
2026-07-23+6,186→ 12,360 total
Exercise/Conversion
Common Stock, par value $0.01
2026-07-23+101→ 12,461 total
Tax Payment
Common Stock, par value $0.01
[F1]
2026-07-23$28.04/sh−1,799$50,444→ 10,662 total
Exercise/Conversion
Dividend Equivalent Rights
[F2]
2026-07-23−101→ 606 total
→ Common Stock, par value $0.01 (101 underlying)
Exercise/Conversion
Restricted Stock Units
[F3][F4]
2026-07-23−6,186→ 12,006 total
From: 2026-07-23→ Common Stock, par value $0.01 (6,186 underlying)

Footnotes (4)

[F1]Represents the total number of shares of common stock withheld for the Reporting Person's tax obligation.
[F2]Dividend equivalent rights accrued on previously granted restricted stock units and become exercisable proportionately with the restricted stock units to which they relate, which have vested.
[F3]Each restricted stock unit granted represents the right to receive one share of Dana common stock or, at the election of Dana, cash equal to the market value per share. Each restricted stock unit contains dividend equivalent rights.
[F4]Restricted stock units granted vest in three (3) equal annual installments beginning on the first anniversary date of the grant.

Signature

/s/ Laura L. Aossey on behalf of James D. Kellett|2026-07-24

1 file