PHINIA Director Acquires 53 New Stock Units Through Dividend Reinvestment
Form 4 Filing Details: PHINIA director Rohan Weerasinghe reported changes in beneficial ownership on June 16, 2025.
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.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Restricted Stock Units | 53 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (2)
- F1. 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.
- F2. 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
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What new stock awards did PHIN director Weerasinghe receive in June 2025?
How many deferred restricted stock units (DRSUs) does PHIN director Weerasinghe own in total?
When will PHIN director Weerasinghe's deferred restricted stock units (DRSUs) be settled?
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