PHINIA Board Member Expands Stake with Dividend-Based Stock Unit Grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Director Robin Kendrick of PHINIA reported changes in beneficial ownership in a Form 4 filing dated June 28, 2025. The key transactions and holdings include:
- Acquisition of 29 Deferred Restricted Stock Units (DRSUs) on June 16, 2025, resulting from dividend reinvestment on existing DRSUs
- Current DRSU holdings total 4,658 units held directly
- Direct ownership of 16,556 shares of common stock
- Indirect ownership of 15,794 shares held in trust
The newly acquired DRSUs will vest on the one-year anniversary of the grant date and will settle into common stock upon Kendrick's termination of board service, as per the company's Director Deferred Compensation Program and 2023 Stock Incentive Plan. The DRSUs were acquired at $0 cost through dividend reinvestment.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Kendrick Robin
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Restricted Stock Units | 29 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Deferred Restricted Stock Units — 4,658 shares (Direct);
Common Stock — 16,556 shares (Direct);
Common Stock — 15,794 shares (Indirect, By Trust)
Footnotes (1)
- Each deferred restricted stock unit ("DRSU") is the economic equivalent of one share of PHINIA Inc. common stock and will vest on the one-year anniversary of the grant date. These DRSUs will settle into an equal number of shares of the issuer's Common Stock, including any additional DRSUs acquired as a result of dividend equivalents that have vested, upon the reporting person's termination of board service pursuant to the issuer's Director Deferred Compensation Program and 2023 Stock Incentive Plan. Represents shares of DRSUs acquired following the automatic reinvestment of dividends on outstanding DRSUs held on the dividend record date, as required by the terms of such award.
FAQ
What new stock awards did PHIN director Robin Kendrick receive in June 2025?
On June 16, 2025, Robin Kendrick received 29 deferred restricted stock units (DRSUs) as dividend reinvestment on existing DRSUs. These new units were acquired at $0 cost and will vest on the one-year anniversary of the grant date.
When will Robin Kendrick's PHIN deferred restricted stock units (DRSUs) vest?
According to the filing, the DRSUs will vest on the one-year anniversary of the grant date. They will settle into common stock upon Kendrick's termination of board service, pursuant to PHIN's Director Deferred Compensation Program and 2023 Stock Incentive Plan.
How many deferred restricted stock units (DRSUs) does Robin Kendrick own in PHIN after the June 2025 transaction?
Following the reported transaction, Robin Kendrick beneficially owns 4,658 deferred restricted stock units (DRSUs) of PHIN, held directly. Each DRSU is economically equivalent to one share of PHIN common stock.