PHINIA Board Member Weerasinghe Grows Stake via Dividend Reinvestment Program
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Form 4 Filing Details: PHINIA director Rohan Weerasinghe reported changes in beneficial ownership on June 16, 2025. The filing reveals the following positions:
- Direct Common Stock Ownership: 22,686 shares
- Indirect Ownership: 12 shares held through a managed account
- Deferred Restricted Stock Units (DRSUs): Acquired 53 new units through dividend reinvestment, bringing total DRSU holdings to 8,432 units
The newly acquired DRSUs are economically equivalent to common stock and will vest on the one-year anniversary of the grant date. These units will convert to common shares upon termination of board service, per the Director Deferred Compensation Program and 2023 Stock Incentive Plan. The transaction was executed at $0 per unit as part of the dividend reinvestment program.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Weerasinghe Rohan
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Restricted Stock Units | 53 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Deferred Restricted Stock Units — 8,432 shares (Direct);
Common Stock — 22,686 shares (Direct);
Common Stock — 12 shares (Indirect, By Managed Account)
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 Weerasinghe receive in June 2025?
On June 16, 2025, Rohan Weerasinghe received 53 deferred restricted stock units (DRSUs) as dividend reinvestment on his existing DRSU holdings. These new DRSUs will vest on the one-year anniversary of the grant date.
How many deferred restricted stock units (DRSUs) does PHIN director Weerasinghe own in total?
Following the reported transaction, Rohan Weerasinghe beneficially owns 8,432 deferred restricted stock units (DRSUs) of PHINIA Inc. Each DRSU is equivalent to one share of PHIN common stock.
When will PHIN director Weerasinghe's deferred restricted stock units (DRSUs) be settled?
According to the filing, Weerasinghe's DRSUs will settle into an equal number of PHINIA Inc. common stock shares upon his termination of board service, pursuant to the company's Director Deferred Compensation Program and 2023 Stock Incentive Plan.