Raymond E. Mabus - 31 Mar 2022 Form 4 Insider Report for DANA INC (DAN)

Role
Director
Signature
/s/ Laura L. Aossey on behalf of Raymond E. Mabus
Issuer symbol
DAN
Transactions as of
31 Mar 2022
Net transactions value
$0
Form type
4
Filing time
01 Apr 2022, 16:43:15 UTC
Previous filing
29 Mar 2022
Next filing
24 May 2022
SEC
View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction DAN Restricted Stock Units Award $0 +1,707 +67% $0.000000 4,249 31 Mar 2022 Common Stock, par value $0.01 1,707 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents the right to receive (1) one share of common stock or, at the issuer's election, an equivalent cash amount.
F2 The number of restricted stock units credited are as of the last day of the quarter based on the quotient obtained by dividing (a) the dollar amount of the annual retainer earned by reporting person for the quarter by (b) the Market Value Per Share (as defined in the Plan) on the last day of the quarter (with the result being rounded down to the nearest whole number of restricted stock units).
F3 All restricted stock units are fully vested. Settlement occurs the earlier of either (i) the first business day of the calendar month coincident with or next following the date that reporting person terminates service as a director of the issuer, or (ii) the date on which occurs a change in control.