PHINIA VP granted 4 RSUs via dividend reinvestment
PHINIA INC. vice president Yang Hongyong reported a small equity-based compensation update.
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Form Type
4
Rhea-AI Filing Summary
PHINIA INC. vice president Yang Hongyong reported a small equity-based compensation update. On the Form 4, he acquired 4 shares of restricted stock units as a result of automatic reinvestment of dividends on existing restricted stock unit awards. Following this, he directly holds 1,207 restricted stock units of common stock.
The filing also lists direct holdings of phantom units economically equivalent to 3,298 underlying common shares in one grant and 1,130 underlying shares in another. These phantom units settle in cash at the issuer’s closing share price on the vesting date, with remaining portions scheduled to vest starting on February 28, 2027.
Insider Trade Summary
Grant/Award: 4 shares
Grant/Award
3 txns
Insider
Yang Hongyong
Role
VP and GM Fuel Syst. Asia Pac
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 4 | $0.00 | $0.00 |
| holding | Phantom Units | -- | -- | -- |
| holding | Phantom Units | -- | -- | -- |
Holdings After Transaction:
Common Stock — 1,207 shares (Direct);
Phantom Units — 4,428 contracts (Direct)
Footnotes (5)
- F1. Reflects shares of restricted stock units acquired following the automatic reinvestment of dividends on outstanding restricted stock units held on the dividend record date, as required by the terms of such award.
- F2. Shares listed are restricted stock units.
- F3. Each phantom unit is the economic equivalent of one share of the Issuer's common stock and settles in cash in an amount equal to the Issuer's closing price per share on the vesting date.
- F4. The reporting person was previously granted phantom units, the remainder of which will vest on February 28, 2027.
- F5. The reporting person was previously granted phantom units, the remainder of which will vest in two equal annual installments beginning on February 28, 2027.
Key Figures
RSUs acquired: 4 restricted stock units
RSUs held after: 1,207 restricted stock units
Phantom units underlying shares (grant 1): 3,298 underlying shares
+3 more
6 metrics
RSUs acquired
4 restricted stock units
Acquired via automatic dividend reinvestment
RSUs held after
1,207 restricted stock units
Direct holdings after transaction
Phantom units underlying shares (grant 1)
3,298 underlying shares
Phantom units economically equivalent to common stock
Phantom units underlying shares (grant 2)
1,130 underlying shares
Second phantom unit award
Phantom units settlement price basis
Issuer’s closing price per share
Cash settlement on vesting date
Key vesting date
February 28, 2027
Remaining phantom units vesting schedule
Key Terms
restricted stock units, phantom units, automatic reinvestment of dividends, vest, +1 more
5 terms
restricted stock units financial
"Reflects shares of restricted stock units acquired following the automatic reinvestment of dividends"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
phantom units financial
"Each phantom unit is the economic equivalent of one share of the Issuer's common stock"
Phantom units are a form of employee compensation that mimics ownership in a company without issuing real shares: recipients receive cash or stock value tied to the company’s share price or performance when the units vest. They matter to investors because phantom units align employee incentives with shareholder value while avoiding share dilution; however, they create future cash obligations and can affect a company’s financial statements and cash flow.
automatic reinvestment of dividends financial
"acquired following the automatic reinvestment of dividends on outstanding restricted stock units"
vest financial
"The reporting person was previously granted phantom units, the remainder of which will vest on February 28, 2027"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
settles in cash financial
"Each phantom unit is the economic equivalent of one share and settles in cash"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did PHINIA (PHIN) report for Yang Hongyong?
PHINIA reported that vice president Yang Hongyong acquired 4 restricted stock units. These units were created through automatic dividend reinvestment on existing restricted stock unit awards, representing a minor, compensation-related increase in his equity-linked position.
How many restricted stock units does Yang Hongyong hold after this PHINIA Form 4?
After the transaction, Yang Hongyong directly holds 1,207 restricted stock units of PHINIA common stock. These units represent the right to receive shares in the future, subject to the applicable vesting and award terms described in the company’s compensation arrangements.
What are PHINIA phantom units reported for Yang Hongyong on this Form 4?
The Form 4 lists phantom units that are economically equivalent to PHINIA common stock. Each phantom unit settles in cash equal to the closing share price on the vesting date, rather than delivering actual shares, functioning as a cash-settled stock-based compensation instrument.
When will Yang Hongyong’s PHINIA phantom units vest according to the filing?
The filing notes that previously granted phantom units have remaining portions scheduled to vest on February 28, 2027, and in two equal annual installments beginning on February 28, 2027. Vesting timing determines when the cash value tied to PHINIA’s share price becomes payable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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