DANA (DAN) Director Michael J. Mack Receives 21-Share Award

What Happened

• Michael J. Mack, a director of DANA Inc. (DAN), received an award of 21 derivative shares on 2026-08-28. The reported acquisition price is $0.00 (code A — award/grant), so no cash was exchanged in this transaction.
• The 21 units are dividend equivalent rights tied to previously granted restricted stock units (RSUs) and are the economic equivalent of 21 shares of Dana common stock (see footnote F1).

Key Details

• Transaction date: 2026-08-28; Form 4 filed: 2026-09-02 (appears to be filed after the typical 2-business-day window).
• Price: $0.00 per unit; total reported cash value: $0 (derivative award).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnote F1: These are dividend equivalent rights that accrue on earlier RSUs and become exercisable proportionately with those RSUs; each dividend equivalent right equals one share of Dana common stock.
• Transaction code: A = Award/Grant (derivative security).

Context

• This was an award of dividend-equivalent derivative rights, not an open-market purchase or sale; such grants are common as part of director compensation and do not necessarily indicate a change in insider sentiment.
• The Form 4 filing date is later than the typical two-business-day reporting window, which can reduce short-term transparency for investors.