Byron S. Foster - 13 Feb 2024 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
13 Feb 2024
Net transactions value
-$91,608
Form type
4
Filing time
15 Feb 2024, 18:00:56 UTC
Previous filing
15 Dec 2023
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 +14,084 +56% $0.000000 39,308 14 Feb 2024 Direct
transaction DAN Common Stock, par value $0.01 Options Exercise $0 +393 +1% $0.000000 39,701 14 Feb 2024 Direct
transaction DAN Common Stock, par value $0.01 Tax liability $91,608 -6,862 -17% $13.35 32,839 14 Feb 2024 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 Restricted Stock Units Award $0 +59,909 $0.000000 59,909 13 Feb 2024 Common Stock, par value $0.01 59,909 Direct F2, F3, F4
transaction DAN Dividend Equivalent Rights Options Exercise $0 -393 -15% $0.000000 2,146 14 Feb 2024 Common Stock, par value $0.01 393 Direct F5
transaction DAN Restricted Stock Units Options Exercise $0 -14,084 -34% $0.000000 27,339 14 Feb 2024 Common Stock, par value $0.01 14,084 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 Restricted stock units granted pursuant to the Dana Incorporated 2021 Omnibus Incentive Plan.
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 three (3) equal annual installments beginning on the first anniversary date of the grant.
F5 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.