Byron S. Foster - Feb 22, 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
Stock symbol
DAN
Transactions as of
Feb 22, 2024
Transactions value $
-$14,950
Form type
4
Date filed
2/26/2024, 04:28 PM
Previous filing
Feb 20, 2024
Next filing
Mar 26, 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 +2.48K +6.44% $0.00 41K Feb 22, 2024 Direct
transaction DAN Common Stock, par value $0.01 Options Exercise $0 +174 +0.42% $0.00 41.1K Feb 22, 2024 Direct
transaction DAN Common Stock, par value $0.01 Tax liability -$15K -1.2K -2.91% $12.50 39.9K Feb 22, 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 Dividend Equivalent Rights Options Exercise $0 -174 -10.69% $0.00 1.45K Feb 22, 2024 Common Stock, par value $0.01 174 Direct F2
transaction DAN Restricted Stock Units Options Exercise $0 -2.48K -100% $0.00* 0 Feb 22, 2024 Common Stock, par value $0.01 2.48K 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 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.
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.