Berk Howard M 4

What Happened
Berk Howard, a director of Dine Brands Global (DIN), received 4,946.607 shares on March 6, 2026 through the vesting and settlement of restricted stock units (RSUs) and related dividend equivalent rights. The filing shows an acquisition price of $31.58 per share for a total value of $156,214. This was an award/settlement event (not an open‑market purchase or sale).

Key Details

• Transaction date: 2026-03-06. Filing date (Form 4): 2026-03-09 (appears timely).
• Shares received: 4,946.607; price shown: $31.58; total value: $156,214.
• Disposition entry: same number of derivative units shown as converted (code M) at $0 — footnote clarifies the derivative converted into shares.
• Footnote F1: “This transaction represents the vesting and settlement of restricted stock units and dividend equivalent rights in shares of common stock of the Issuer.”
• Shares owned after the transaction: not included in the provided excerpt.

Context
This was a routine equity compensation settlement (RSU vesting), which is common for directors and does not by itself indicate a buy or sell signal. Form 4 labels it as a conversion of derivative interests into common shares; no open‑market sale or additional cash purchase was reported in the provided data. Tax withholding can reduce net shares received, but no withholding details were included in the excerpt.