Tax withholding on vested PHINIA (NYSE: PHIN) restricted stock for VP
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PHINIA INC. executive John Lipinski reported a routine tax-related share disposition. On the vesting of restricted stock, 1,576 shares of common stock were automatically and mandatorily withheld to cover tax withholding, at a value of $72.63 per share. After this withholding transaction, he directly holds 22,321 common shares, including 8,696 shares of restricted stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Lipinski John
Role
VP and GM Fuel Syst. Europe
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,576 | $72.63 | $114K |
Holdings After Transaction:
Common Stock — 22,321 shares (Direct)
Footnotes (1)
- Shares automatically and mandatorily withheld to satisfy the tax withholding requirement upon the vesting of restricted stock. Includes 8,696 shares of restricted stock.
FAQ
What insider transaction did PHIN (PHINIA INC.) report for John Lipinski?
PHINIA INC. reported that executive John Lipinski had 1,576 common shares automatically withheld to satisfy tax obligations upon vesting of restricted stock, at $72.63 per share, as a non-open-market tax-withholding disposition.
Was the PHIN insider transaction by John Lipinski an open-market sale?
No, the transaction was not an open-market sale. Shares were automatically and mandatorily withheld to satisfy tax withholding requirements when restricted stock vested, classified as a tax-withholding disposition rather than a discretionary sale.
What does transaction code F mean in the PHIN Form 4 for John Lipinski?
Transaction code F indicates payment of a tax liability by delivering securities. For PHINIA INC., it reflects that 1,576 shares were automatically withheld from John Lipinski’s vested restricted stock to satisfy tax withholding obligations, rather than a voluntary market transaction.