PHIN Insider Filing: Gropp Reports 61,046 Shares After Tax Withholding
Rhea-AI Filing Summary
Chris P. Gropp, Vice President and CFO of PHINIA Inc. (PHIN), reported transactions on 08/29/2025. The filing shows 6,599 shares of common stock were disposed at a price of $58.48; the filing explains these shares were automatically withheld to satisfy tax withholding upon the vesting of restricted stock. After the reported transaction, Gropp beneficially owns 61,046 shares (which includes 35,419 restricted shares). The report also lists 3,890 shares held indirectly by spouse, which includes 2,913 restricted shares; the reporting person disclaims beneficial ownership of those 2,913 shares. The form is a routine Section 16 disclosure of changes in insider ownership and tax-related share withholding.
Positive
- Disclosure clarifies tax-withholding treatment for vested restricted shares, improving transparency
- Filing identifies officer role (Vice President and CFO) and reports both direct and indirect holdings clearly
Negative
- None.
Insights
TL;DR: Routine insider tax-withholding event; modest reduction in direct holdings, no new sales for cash disclosed.
The Form 4 records a disposition coded as F on 08/29/2025 for 6,599 shares at $58.48, which the filer explains were withheld to satisfy tax obligations upon vesting. Post-transaction direct beneficial ownership is 61,046 shares including 35,419 restricted shares, and indirect holdings of 3,890 shares are held by spouse (including 2,913 restricted shares disclosed with a disclaimer). This is a non-market-impacting administrative transaction rather than an open-market sale or purchase, and the filing contains no additional derivative or option activity.
TL;DR: Disclosure meets Section 16 requirements; details clarify restricted share treatment and spouse holdings.
The report clearly documents the nature of the disposition as mandatory tax withholding on vested restricted stock and distinguishes direct versus indirect ownership with a disclaimer for certain spouse-held restricted shares. From a governance and compliance perspective, the submission appears complete for the cited transactions and identifies the reporting person’s role as Vice President and CFO, satisfying identification and timing elements required by Form 4.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 6,599 | $58.48 | $386K |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Shares automatically and mandatorily withheld to satisfy the tax withholding requirement upon the vesting of restricted stock. Includes 35,419 shares of restricted stock. Includes 2,913 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.