Nelligan Hanna Olivia 4

What Happened
Olivia Nelligan, a director of DANA Inc. (DAN), was awarded 21 shares on 2026-03-20 as a derivative acquisition (reported as $0.00 per share). The filing indicates these shares represent dividend-equivalent rights tied to previously granted restricted stock units (RSUs), not an open‑market purchase or sale.

Key Details

• Transaction date: 2026-03-20; Form 4 filed: 2026-03-24 (timely filing indicated).
• Transaction type: A (award/grant/other acquisition); 21 shares acquired at $0.00 (derivative).
• Shares owned after transaction: not specified in the provided details.
• Footnote: Dividend-equivalent rights accrued on prior RSUs and become exercisable proportionately with those RSUs; each dividend-equivalent right equals the economic equivalent of one share.
• No sale or purchase of shares on the open market was reported.

Context
This was an award of dividend-equivalent shares tied to existing RSUs—a common form of executive/director compensation—rather than a market trade. Such derivative awards reflect compensation mechanics (accrued dividends on RSUs) and should not be interpreted as a buy/sell signal by themselves.