PHINIA Board Member Expands Stake via Automatic Dividend Reinvestment Plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Latondra Newton, Director at PHINIA, reported changes in beneficial ownership through a Form 4 filing dated June 28, 2025. The key transactions include:
- Acquisition of 21 Deferred Restricted Stock Units (DRSUs) on June 16, 2025, resulting from dividend reinvestment on existing DRSUs
- Current holdings include 16,556 shares of Common Stock held directly
- Total of 3,320 DRSUs beneficially owned following the reported transaction
The DRSUs vest on the one-year anniversary of the grant date and will convert to common stock upon Newton's termination of board service. Each DRSU represents one share of PHINIA common stock and includes dividend equivalent rights. The transaction was executed under the company's Director Deferred Compensation Program and 2023 Stock Incentive Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Newton Latondra
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Restricted Stock Units | 21 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Deferred Restricted Stock Units — 3,320 shares (Direct);
Common Stock — 16,556 shares (Direct)
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 type of stock units did PHIN's Director Newton receive on June 16, 2025?
On June 16, 2025, Director Newton received 21 Deferred Restricted Stock Units (DRSUs) of PHINIA Inc. These DRSUs were acquired through dividend reinvestment on existing DRSUs, as required by the terms of the award.
When will Latondra Newton's new PHIN DRSUs vest?
According to the filing, the Deferred Restricted Stock Units (DRSUs) will vest on the one-year anniversary of the grant date, which would be June 16, 2026.
How many total DRSUs does Latondra Newton own in PHIN after this transaction?
Following the reported transaction, Latondra Newton beneficially owns 3,320 Deferred Restricted Stock Units (DRSUs) of PHINIA Inc.
When will PHIN Director Newton's DRSUs be converted to common stock?
According to the filing, the DRSUs will settle into an equal number of PHINIA Inc. common stock shares upon Newton's termination of board service, pursuant to the company's Director Deferred Compensation Program and 2023 Stock Incentive Plan.