PHINIA (PHIN) VP adds 43 dividend RSUs, total holdings now 18,223 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PHINIA INC. vice president and GM Global Aftermarket Neil Fryer reported an automatic acquisition of 43 shares of common stock in the form of restricted stock units. These units were created through automatic dividend reinvestment on existing restricted stock unit awards, rather than an open-market purchase.
After this routine compensation-related transaction, Fryer directly holds 18,223 shares of common stock, including 9,175 restricted stock units. The filing reflects normal dividend-driven adjustments to equity awards rather than a discretionary trading decision.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Fryer Neil
Role
VP and GM Global Aftermarket
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 43 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 18,223 shares (Direct)
Footnotes (1)
- 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 awards. Includes 9,175 restricted stock units.
FAQ
What insider transaction did PHINIA (PHIN) report for Neil Fryer?
PHINIA reported that executive Neil Fryer automatically acquired 43 shares as restricted stock units. These were created through dividend reinvestment on existing awards, making this a routine compensation-related adjustment rather than a discretionary open-market trade in PHIN common stock.
Was the PHINIA (PHIN) Form 4 transaction an open-market stock purchase?
No. The 43 PHINIA shares were acquired as restricted stock units via automatic dividend reinvestment on outstanding awards. This means the transaction reflects equity compensation mechanics, not a voluntary open-market purchase decision by the executive in the company’s common stock.
What do the footnotes in the PHINIA (PHIN) Form 4 explain?
The footnotes explain that the 43 shares came from automatic dividend reinvestment into restricted stock units. They also note that Fryer’s total holdings include 9,175 restricted stock units, clarifying that part of his position is unvested or subject to award terms rather than fully unrestricted stock.
Is the PHINIA (PHIN) Form 4 transaction likely a routine event?
Yes. The filing describes 43 restricted stock units created by automatic dividend reinvestment, a standard feature of equity award programs. Given Fryer’s 18,223-share total position, this adjustment appears routine and administrative rather than a significant change in insider ownership or sentiment.