PHINIA (PHIN) VP awarded 1,197 RSUs and reports phantom units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Yang Hongyong reported acquisition or exercise transactions in this Form 4 filing.
PHINIA Inc. reported that officer Yang Hongyong, VP and GM Fuel Systems Asia Pacific, received a grant of 1,197 restricted stock units of common stock on February 9, 2026 at a price of $0 per share.
The restricted stock units will vest in three substantially equal annual installments beginning on February 28, 2027. The filing also lists direct holdings of several blocks of phantom units, each economically equivalent to one common share and settling in cash at the issuer’s closing share price on the vesting date, with vesting schedules beginning on February 28, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Yang Hongyong
Role
VP and GM Fuel Syst. Asia Pac
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,197 | $0.00 | -- |
| holding | Phantom Units | -- | -- | -- |
| holding | Phantom Units | -- | -- | -- |
| holding | Phantom Units | -- | -- | -- |
Holdings After Transaction:
Common Stock — 1,197 shares (Direct);
Phantom Units — 2,260 shares (Direct)
Footnotes (1)
- Represents an award of restricted stock units with respect to the Issuer's common stock, which will vest in three substantially equal annual installments beginning February 28, 2027. Includes 1,197 restricted stock units. 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. Represents an award of phantom units, which will vest in two equal annual installments beginning February 28, 2026. Represents an award of phantom units, which will vest on February 28, 2026. Represents an award of phantom units, which will vest in three equal annual installments beginning February 28, 2026.
FAQ
What did PHINIA (PHIN) disclose about Yang Hongyong’s equity award?
PHINIA disclosed that VP and GM Fuel Systems Asia Pacific, Yang Hongyong, received a grant of 1,197 restricted stock units on February 9, 2026, at a price of $0 per share. These units represent stock-based compensation rather than an open-market purchase of shares.
How will Yang Hongyong’s 1,197 restricted stock units at PHINIA vest?
The 1,197 restricted stock units will vest in three substantially equal annual installments starting February 28, 2027. This means portions of the award convert into common stock over three years, aligning the officer’s compensation with longer-term company performance and retention.
What are the phantom units reported for PHINIA (PHIN) officer Yang Hongyong?
The filing lists several holdings of phantom units, each economically equivalent to one PHINIA common share. They settle in cash based on the issuer’s closing share price on the vesting date, providing cash-settled, share-linked compensation rather than delivering actual shares.
When do PHINIA phantom unit awards for Yang Hongyong begin vesting?
The phantom unit awards begin vesting on February 28, 2026. One award vests in two equal annual installments from that date, another vests fully on February 28, 2026, and a third vests in three equal annual installments starting the same date, according to the disclosure.
Is the PHINIA Form 4 for Yang Hongyong a stock purchase or compensation grant?
The Form 4 reflects a compensation grant, not a market purchase. It reports a grant of 1,197 restricted stock units at $0 per share and cash-settled phantom units. These awards are part of equity-based compensation rather than direct buying or selling of PHINIA common stock.