Foster Byron S. 4

What Happened

• Byron S. Foster, President, Light Vehicle Drive Systems at DANA Inc., received an award of 333 derivative units on 2026-03-20. The filing shows an acquisition code "A" for 333 units at $0.00 (no cash exchanged), reported on a Form 4 filed 2026-03-24.
• This award is recorded as derivative dividend-equivalent rights (not immediate common-stock shares) and has an immediate reported value of $0 at grant.

Key Details

• Transaction date: 2026-03-20; Form 4 filed: 2026-03-24.
• Award: 333 derivative units (grant/award), price $0.00, total immediate cash value $0.
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Footnote: Dividend equivalent rights accrued on previously granted restricted stock units (RSUs) and become exercisable proportionately with those RSUs. Each dividend equivalent right is the economic equivalent of one share of Dana common stock.
• No indication in the excerpt of a 10b5-1 plan, tax withholding, or a late-filing flag.

Context

• These dividend-equivalent rights are a derivative award tied to existing RSUs; they typically convert or become exercisable in line with the underlying RSU vesting schedule. Because no shares were sold or purchased outright, this is an award/compensation event rather than a market-position change by the insider.