Kellett James D 4

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.