John W. Peyton - Jan 7, 2022 Form 4 Insider Report for Dine Brands Global, Inc. (DIN)

Role: Chief Executive Officer, Director
Signature: /s/ Christine K. Son as attorney-in-fact for John W. Peyton
Stock symbol: DIN
Transactions as of: Jan 7, 2022
Transactions value $: $5,386
Form type: 4
Date filed: 1/11/2022, 05:19 PM
Previous filing: Jan 5, 2022
Next filing: Mar 8, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	DIN	COMMON STOCK	Options Exercise	$10.8K	+140	+0.48%	$76.79	29.5K	Jan 7, 2022	Direct	F1
transaction	DIN	COMMON STOCK	Tax liability	-$5.38K	-70	-0.24%	$76.79	29.4K	Jan 7, 2022	Direct	F2

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	DIN	RESTRICTED STOCK UNITS (DIVIDEND EQUIVALENT RIGHTS)	Award	$0	+280	+1.04%	$0.00	27.2K	Jan 7, 2022	COMMON STOCK	280		Direct	F3
transaction	DIN	RESTRICTED STOCK UNITS	Options Exercise	$0	-140	-0.52%	$0.00	27K	Jan 7, 2022	COMMON STOCK	140		Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	This transaction represents the issuance of shares of common stock of the Issuer on January 7, 2022 in settlement of dividend equivalent rights that accrued on January 7, 2022 on restricted stock units that became vested on January 4, 2022. The fractional portion was paid out in cash in accordance with the award agreement.
F2	These shares were withheld by the Issuer to satisfy the tax withholding obligations of the reporting person with respect to the settlement on January 7, 2022 of shares of common stock of the Issuer issued with respect to dividend equivalent rights held by the reporting person.
F3	As previously reported, the reporting person was granted 53,805 restricted stock units on January 4, 2021 that vested as to one half on January 4, 2022 and will vest as to one half on January 4, 2023. On January 7, 2021, dividend equivalent rights accrued on the previously reported restricted stock units and vest proportionately with the restricted stock units to which they relate. Each dividend equivalent right is the economic equivalent of the dividend paid on one share of common stock, and is converted into additional restricted stock units of equal value.