Liedberg Douglas H 4

What Happened

• Douglas H. Liedberg, Senior Vice President, General Counsel and Secretary of DANA Inc. (DAN), was granted 239 derivative shares on March 20, 2026. The Form 4 reports these as an award/acquisition (code A) at an acquisition price of $0.00 and a reported value of $0.
• These are dividend equivalent rights tied to previously granted restricted stock units (RSUs) — each dividend equivalent right is the economic equivalent of one share of Dana common stock and becomes exercisable proportionately with the related RSUs.

Key Details

• Transaction date: 2026-03-20; filing date (Form 4): 2026-03-24 (filed timely).
• Transaction type/code: Award/Grant (A); derivative securities (dividend equivalent rights) acquired.
• Shares granted: 239; acquisition price: $0.00; reported dollar value: $0.
• Shares owned after transaction: Not specified in the provided filing.
• Footnote: Dividend equivalent rights accrued on previously granted RSUs and vest/exercise proportionately with those RSUs (see footnote F1).

Context

• This was an award of dividend-equivalent rights tied to existing RSUs, not an open-market purchase or sale — it does not directly signal buying or selling activity by the insider.
• For retail investors, such grants are routine compensation-related equity adjustments and are different from purchases (which may suggest confidence) or sales (which may indicate liquidity needs).