Byron S. Foster - 14 Dec 2022 Form 4 Insider Report for DANA INC (DAN)

Role
Pres, Light Veh Drive Systems
Signature
/s/ Laura L. Aossey on behalf of Byron S. Foster
Issuer symbol
DAN
Transactions as of
14 Dec 2022
Net transactions value
-$17,456
Form type
4
Filing time
15 Dec 2022, 15:29:30 UTC
Previous filing
05 Dec 2022
Next filing
09 Mar 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DAN Common Stock, par value $0.01 Options Exercise $0 +3,422 +30% $0.000000 14,989 14 Dec 2022 Direct
transaction DAN Common Stock, par value $0.01 Options Exercise $0 +83 +0.55% $0.000000 15,072 14 Dec 2022 Direct
transaction DAN Common Stock, par value $0.01 Tax liability $17,456 -1,056 -7% $16.53 14,016 14 Dec 2022 Direct F1

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 Dividend Equivalent Rights Options Exercise $0 -83 -6.6% $0.000000 1,182 14 Dec 2022 Common Stock, par value $0.01 83 Direct F2
transaction DAN Restricted Stock Units Options Exercise $0 -3,422 -50% $0.000000 3,421 14 Dec 2022 Common Stock, par value $0.01 3,422 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the total number of shares of common stock withheld for the Reporting Person's tax obligation.
F2 Dividend equivalent rights accrued on previously granted restricted stock units and become exercisable proportionately with the restricted stock units to which they relate, which have vested.
F3 Each restricted stock unit granted represents the right to receive one share of Dana common stock or, at the election of Dana, cash equal to the market value per share. Each restricted stock unit contains dividend equivalent rights.
F4 Restricted stock units granted vest in two (2) equal annual installments beginning on the first anniversary date of the grant.