DANA (DAN) Director Nora LaFreniere Receives 21-Share Award

What Happened

• Nora E. LaFreniere, a director of DANA Inc. (DAN), was reported to have acquired 21 shares on August 28, 2026. The Form 4 lists this as an award/acquisition of derivative securities (code A) at an acquisition price of $0.00. The filing indicates these are dividend equivalent rights that become exercisable proportionately with previously granted restricted stock units.

Key Details

• Transaction date: 2026-08-28; Form 4 filed: 2026-09-02 (filed after the typical 2-business-day Form 4 deadline).
• Transaction type/code: Award/Acquisition of derivative securities (A).
• Shares acquired: 21 shares (acquisition price reported as $0.00).
• Shares owned after transaction: Not specified in the filing.
• Footnote: Dividend equivalent rights accrued on previously granted restricted stock units and are the economic equivalent of one share of Dana common stock (footnote F1).
• Filing timeliness: The Form 4 was filed one business day after the usual 2-business-day reporting window, so it appears late.

Context

• These were dividend-equivalent rights tied to existing restricted stock units, not an open-market purchase or sale. Such awards are typically administrative settlements tied to prior RSU grants and do not necessarily indicate a change in the director’s trading stance. Because the filing reports a $0 acquisition price and derives from RSU-related dividend equivalents, no cash outlay occurred.