Antonio Valencia - 09 Feb 2024 Form 4 Insider Report for DANA INC (DAN)

Role
Pres. Power Technologies Group
Signature
/s/ Laura L. Aossey on behalf of Antonio Valencia
Issuer symbol
DAN
Transactions as of
09 Feb 2024
Net transactions value
-$85,574
Form type
4
Filing time
13 Feb 2024, 16:34:17 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 +5,865 $0.000000 5,865 09 Feb 2024 Direct
transaction DAN Common Stock, par value $0.01 Options Exercise $0 +418 +7.1% $0.000000 6,283 09 Feb 2024 Direct
transaction DAN Common Stock, par value $0.01 Disposed to Issuer $85,574 -6,283 -100% $13.62 0 09 Feb 2024 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 -418 -18% $0.000000 1,945 09 Feb 2024 Common Stock, par value $0.01 418 Direct F1
transaction DAN Restricted Stock Units Options Exercise $0 -5,865 -100% $0.000000* 0 09 Feb 2024 Common Stock, par value $0.01 5,865 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.. Dividend equivalent rights will be cash settled
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. Restricted stock units for Reporting Person will be cash settled.
F3 Restricted stock units granted vest in three (3) equal annual installments beginning on the first anniversary date of the grant.