PHINIA (PHIN) strategy chief receives 41-share equity award from dividends
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Neto de Abreu Pedro Rui reported acquisition or exercise transactions in this Form 4 filing.
PHINIA INC. VP and Chief Strategy Officer Pedro Rui Neto de Abreu received 41 shares of common stock as a stock award, not through an open-market purchase. The award reflects automatic reinvestment of dividends into 15 shares of restricted stock and 26 restricted stock units tied to prior equity grants.
After this grant, he directly holds 18,547 common shares. These holdings include 3,064 shares of restricted stock and 5,309 restricted stock units, showing that this filing records routine, compensation-related equity accrual rather than a discretionary trade in the company’s stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Neto de Abreu Pedro Rui
Role
VP and Chief Strategy Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 41 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 18,547 shares (Direct)
Footnotes (1)
- Reflects 15 shares of restricted stock acquired following the automatic reinvestment of dividends on outstanding restricted stock held on the dividend record date and 26 shares of restricted stock units acquired following the automatic reinvestment of dividend equivalents on outstanding restricted stock units held on the dividend record date, as required by the terms of such awards. Includes 3,064 shares of restricted stock and 5,309 restricted stock units.
FAQ
What insider transaction did PHINIA (PHIN) report for Pedro Rui Neto de Abreu?
PHINIA reported that VP and Chief Strategy Officer Pedro Rui Neto de Abreu acquired 41 shares of common stock as a stock award. The shares came from automatic dividend reinvestments tied to existing restricted stock and restricted stock unit awards, not from an open-market purchase.
Was the PHINIA (PHIN) insider transaction an open-market buy or a stock award?
The transaction was a stock award, not an open-market buy. It reflects automatic reinvestment of dividends into 15 restricted shares and 26 restricted stock units under the terms of existing equity awards, so no cash purchase occurred in the market for these PHINIA shares.
What do the footnotes reveal about the PHINIA (PHIN) insider’s equity grants?
The footnotes state that 15 shares of restricted stock and 26 restricted stock units were acquired through automatic dividend-related reinvestments. They also clarify his position includes 3,064 restricted shares and 5,309 restricted stock units, highlighting the compensation-based nature of his PHINIA equity holdings.
Does the PHINIA (PHIN) Form 4 indicate any stock sales by the insider?
The Form 4 shows no stock sales by the insider. It reports only an acquisition of 41 shares classified as a grant or award, driven by dividend reinvestment features within existing restricted stock and restricted stock unit grants, with no disposal transactions recorded.