Byron S. Foster - 14 Dec 2023 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 2023
Net transactions value
-$15,810
Form type
4
Filing time
15 Dec 2023, 16:19:49 UTC
Previous filing
05 Dec 2023
Next filing
15 Feb 2024
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 +3,421 +15% $0.000000 26,120 14 Dec 2023 Direct
transaction DAN Common Stock, par value $0.01 Options Exercise $0 +181 +0.69% $0.000000 26,301 14 Dec 2023 Direct
transaction DAN Common Stock, par value $0.01 Tax liability $15,810 -1,077 -4.1% $14.68 25,224 14 Dec 2023 Direct

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 -181 -6.7% $0.000000 2,539 14 Dec 2023 Common Stock, par value $0.01 181 Direct F1
transaction DAN Restricted Stock Units Options Exercise $0 -3,421 -100% $0.000000* 0 14 Dec 2023 Common Stock, par value $0.01 3,421 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 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.
F3 Restricted stock units granted vest in two (2) equal annual installments beginning on the first anniversary date of the grant.