Byron S. Foster - Dec 14, 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
Stock symbol
DAN
Transactions as of
Dec 14, 2023
Transactions value $
-$15,810
Form type
4
Date filed
12/15/2023, 04:19 PM
Previous filing
Dec 5, 2023
Next filing
Feb 15, 2024

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 +3.42K +15.07% $0.00 26.1K Dec 14, 2023 Direct
transaction DAN Common Stock, par value $0.01 Options Exercise $0 +181 +0.69% $0.00 26.3K Dec 14, 2023 Direct
transaction DAN Common Stock, par value $0.01 Tax liability -$15.8K -1.08K -4.09% $14.68 25.2K Dec 14, 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 -6.65% $0.00 2.54K Dec 14, 2023 Common Stock, par value $0.01 181 Direct F1
transaction DAN Restricted Stock Units Options Exercise $0 -3.42K -100% $0.00* 0 Dec 14, 2023 Common Stock, par value $0.01 3.42K 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.