PHINIA (PHIN) VP gains additional restricted shares through dividend reinvestment
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PHINIA INC. executive Michael Coetzee reported an automatic acquisition of additional common shares through dividend reinvestment on restricted stock. On this award-related transaction, he received 33 shares of common stock at no cash cost, increasing his direct holdings to 27,042 shares. The position includes 9,001 shares of restricted stock subject to award terms, so this filing mainly reflects routine compensation mechanics rather than an open-market trade.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Coetzee Michael
Role
VP and GM Fuel Syst. Americas
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 33 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 27,042 shares (Direct, null)
Footnotes (1)
- Reflects shares of restricted stock acquired following the automatic reinvestment of dividends on outstanding restricted stock held on the dividend record date, as required by the terms of such awards. Includes 9,001 shares of restricted stock.
Key Figures
Shares acquired: 33 shares
Holdings after transaction: 27,042 shares
Restricted stock included: 9,001 shares
+1 more
4 metrics
Shares acquired
33 shares
Grant/award acquisition on 2026-06-23 via dividend reinvestment
Holdings after transaction
27,042 shares
Total PHINIA common stock directly owned after the award
Restricted stock included
9,001 shares
Portion of total holdings reported as restricted stock
Price per share
$0.0000 per share
Grant-type acquisition, no cash paid for the 33 shares
Key Terms
restricted stock, automatic reinvestment of dividends, dividend record date, grant, award, or other acquisition
4 terms
restricted stock financial
"Reflects shares of restricted stock acquired following the automatic reinvestment of dividends"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
automatic reinvestment of dividends financial
"acquired following the automatic reinvestment of dividends on outstanding restricted stock"
dividend record date financial
"on outstanding restricted stock held on the dividend record date, as required by the terms"
grant, award, or other acquisition financial
"transaction code description: Grant, award, or other acquisition"
FAQ
What insider transaction did PHINIA (PHIN) report for Michael Coetzee?
PHINIA executive Michael Coetzee acquired 33 common shares through automatic dividend reinvestment on existing restricted stock. The shares were granted at no cash cost as part of award terms, reflecting routine compensation-related activity rather than an open-market purchase.
Was the PHINIA (PHIN) insider transaction an open-market buy or a grant?
The transaction was a grant-type acquisition, not an open-market buy. Shares were acquired automatically through dividend reinvestment on outstanding restricted stock as required by the award terms, so no market purchase decision or cash outlay is reflected here.
What does dividend reinvestment on restricted stock mean for PHINIA (PHIN) insiders?
Dividend reinvestment on restricted stock means cash dividends on unvested awards are automatically converted into additional restricted shares. For PHINIA insiders, this increases reported holdings under the award terms without involving discretionary market trades or additional cash investment.