Jeroen Decleer - 13 Feb 2024 Form 4 Insider Report for DANA INC (DAN)

Role: SVP & Pres Off-Highway Drive
Signature: /s/ Laura L. Aossey on behalf of Jeroen Decleer
Issuer symbol: DAN
Transactions as of: 13 Feb 2024
Net transactions value: -$41,572
Form type: 4
Filing time: 15 Feb 2024, 18:00:47 UTC
Previous filing: 13 Feb 2024
Next filing: 20 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	+3,032		$0.000000	3,032	14 Feb 2024	Direct
transaction	DAN	Common Stock, par value $0.01	Options Exercise	$0	+82	+2.7%	$0.000000	3,114	14 Feb 2024	Direct
transaction	DAN	Common Stock, par value $0.01	Disposed to Issuer	$41,572	-3,114	-100%	$13.35	0	14 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	Restricted Stock Units	Award	$0	+34,731		$0.000000	34,731	13 Feb 2024	Common Stock, par value $0.01	34,731		Direct	F1, F2, F3
transaction	DAN	Dividend Equivalent Rights	Options Exercise	$0	-82	-15%	$0.000000	474	14 Feb 2024	Common Stock, par value $0.01	82		Direct	F4
transaction	DAN	Restricted Stock Units	Options Exercise	$0	-3,032	-34%	$0.000000	5,884	14 Feb 2024	Common Stock, par value $0.01	3,032		Direct	F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Restricted stock units granted pursuant to the Dana Incorporated 2021 Omnibus Incentive Plan.
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.
F4	The dividend equivalent rights accrued on restricted stock units previously granted and become exercisable proportionately with the restricted stock units to which they relate. 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. Restricted stock units for Reporting Person will be cash settled.