DANA (DAN) Director Bridget E. Karlin Receives 21-Share Award

What Happened

• Bridget E. Karlin, a director of DANA Inc (DAN), received an award of 21 derivative shares on August 28, 2026. The filing reports the acquisition as 21 shares at $0.00 (derivative award), not an open-market purchase or sale.
• This award represents dividend-equivalent rights tied to previously granted restricted stock units (RSUs) and has no immediate cash cost reported. Awards to directors are typically part of routine compensation rather than a directional buy/sell signal.

Key Details

• Transaction date: 2026-08-28; Filing date: 2026-09-02 (filed 5 days after the transaction; Form 4s are generally due within 2 business days, so this appears late).
• Transaction type/code: Award (A) — 21 shares @ $0.00 (derivative).
• Shares owned after transaction: Not specified in this filing.
• Footnote: Dividend equivalent rights accrued on previously granted RSUs and become exercisable proportionately with those RSUs; each dividend equivalent right is the economic equivalent of one share of Dana common stock.

Context

• This was a derivative award tied to existing RSUs (not a cash purchase or sale). Such dividend-equivalent awards are common in director compensation plans and do not, by themselves, indicate an insider buying or selling the stock.