DANA Director Diarmuid O'Connell Receives 21-Share Award

What Happened
Diarmuid B. O'Connell, a director of DANA Inc. (DAN), was credited with 21 shares on August 28, 2026 as an award/derivative acquisition. The filing reports the shares were acquired at a reported price of $0.00 (total reported value $0.00) and are described as derivative dividend-equivalent rights tied to previously granted restricted stock units (RSUs). This was not an open-market purchase or sale.

Key Details

• Transaction date: 2026-08-28; Form 4 filed: 2026-09-02.
• Transaction type/code: Award/other acquisition (derivative) — 21 shares at $0.00.
• Shares owned after transaction: Not specified in the 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.
• Timeliness: Filing occurred several days after the transaction; Form 4s are generally due within two business days, so investors may want to note the timing.

Context
This was a derivative award of dividend-equivalent rights tied to RSUs, not a market purchase or sale — such awards are a routine form of compensation and do not by themselves indicate insider buying or selling intent. For retail investors, purchases are often viewed as clearer signals; awards like this reflect compensation/vesting mechanics.