DANA (DAN) VP James D. Kellett Receives 95-Share Award

What Happened
James D. Kellett, Vice President and Chief Accounting Officer of DANA Inc. (DAN), was awarded 95 derivative shares on August 28, 2026. The Form 4 reports the acquisition as an award (code A) at $0.00 per share (total reported cash value $0). These are dividend-equivalent rights related to previously granted restricted stock units (RSUs), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-08-28; Filing date: 2026-09-02 (see note on timeliness below).
• Transaction type: Award/Grant (derivative) — 95 shares reported at $0.00.
• Shares owned after transaction: Not specified in the supplied summary of 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 (see F1).
• Timeliness: Filing occurred five days after the transaction date; under SEC Form 4 rules (typically due within two business days), this may be later than required.

Context
These were dividend-equivalent rights tied to existing RSUs (a form of compensation), not a cash purchase or sale. Such awards are common for employee compensation and do not by themselves signal insider buying or selling intent. For retail investors, actual purchases are often more informative about an insider’s market view; awards primarily reflect compensation plan vesting.