PHINIA CFO has 6,700 shares withheld for taxes
Rhea-AI Filing Summary
PHINIA INC. (PHIN) reported that Senior Vice President and CFO Chris P. Gropp had 6,700 shares of Common Stock automatically withheld on 2026-08-28 to satisfy the tax withholding requirement upon vesting of restricted stock, at a reported price of $68.65 per share. Following this tax-withholding disposition, Gropp directly holds 57,323 shares of Common Stock, including 14,907 shares of restricted stock, and has indirect holdings of 3,973 shares through his spouse, including 1,806 restricted shares, for which he disclaims beneficial ownership.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 6,700 shares
Net Sell
2 txns
Insider
Gropp Chris P
Role
Senior Vice President and CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1, F2 | 6,700 | $68.65 | $460K |
| holding | Common Stock F3 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 57,323 shares (Direct);
Common Stock — 3,973 shares (Indirect, By spouse)
Footnotes (3)
- F1. Shares automatically and mandatorily withheld to satisfy the tax withholding requirement upon the vesting of restricted stock.
- F2. Includes 14,907 shares of restricted stock.
- F3. Includes 1,806 shares of restricted stock. The reporting person disclaims beneficial ownership of these securities, and the filing of this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.
Key Figures
Shares withheld for tax: 6,700 shares of Common Stock
Tax withholding price per share: $68.65 per share
Direct holdings after transaction: 57,323 shares of Common Stock
+3 more
6 metrics
Shares withheld for tax
6,700 shares of Common Stock
Automatically and mandatorily withheld on 2026-08-28 to satisfy tax withholding upon vesting of restricted stock
Tax withholding price per share
$68.65 per share
Reported price for the 6,700 shares used to satisfy tax withholding
Direct holdings after transaction
57,323 shares of Common Stock
Direct ownership by Chris P. Gropp following the 2026-08-28 withholding
Restricted stock included in direct holdings
14,907 shares of restricted stock
Portion of Gropp’s direct holdings that is restricted stock after the transaction
Indirect holdings by spouse
3,973 shares of Common Stock
Indirect ownership by spouse after the reported transaction
Restricted stock in indirect holdings
1,806 shares of restricted stock
Restricted shares within spouse-held indirect position; beneficial ownership disclaimed
Key Terms
restricted stock, tax withholding requirement, beneficial ownership, Section 16
4 terms
restricted stock financial
"upon the vesting of restricted stock."
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
tax withholding requirement financial
"withheld to satisfy the tax withholding requirement upon the vesting"
beneficial ownership financial
"disclaims beneficial ownership of these securities"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
Section 16 regulatory
"for purposes of Section 16 or for any other purpose"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
FAQ
What transaction did PHINIA INC. (PHIN) CFO Chris P. Gropp report on this Form 4?
Chris P. Gropp reported 6,700 shares of PHINIA INC. Common Stock automatically withheld on 2026-08-28 to satisfy the tax withholding requirement upon the vesting of restricted stock, at a reported price of $68.65 per share.
Was the PHINIA (PHIN) Form 4 transaction a market sale or a tax withholding event?
The Form 4 reports a tax withholding event, not an open-market sale. 6,700 shares were automatically and mandatorily withheld to satisfy the tax withholding requirement upon the vesting of restricted stock.
What indirect PHINIA (PHIN) holdings by Chris P. Gropp are reported on this Form 4?
The Form 4 shows indirect ownership of 3,973 shares of PHINIA Common Stock held by his spouse, including 1,806 shares of restricted stock. Gropp disclaims beneficial ownership of these securities.
Is the PHINIA (PHIN) Form 4 transaction under a Rule 10b5-1 trading plan?
No. The filing indicates the Rule 10b5-1 checkbox is not affirmed, and the transaction is described as shares withheld to satisfy tax withholding upon vesting of restricted stock.
AI-generated analysis. How Rhea-AI works. Not financial advice.
