Executive Yang trades PHINIA (NYSE: PHIN) stock and cash-settled phantom units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PHINIA INC. executive Hongyong Yang, VP and GM Fuel Systems Asia Pacific, reported a series of compensation-related transactions in company securities on February 27, 2026. He exercised several grants of phantom units, each economically equivalent to one share of common stock and settling in cash based on the closing share price at vesting.
Related common stock transactions show issuer dispositions of 1,648, 2,003 and 1,130 shares at $72.63 per share, alongside corresponding acquisitions of common stock at no cost through derivative exercises. Following these transactions, he holds 1,197 common-share equivalents as restricted stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
4,781 shares exercised/converted
Mixed
9 txns
Insider
Yang Hongyong
Role
VP and GM Fuel Syst. Asia Pac
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Phantom Units | 2,003 | $0.00 | -- |
| Exercise | Phantom Units | 1,130 | $0.00 | -- |
| Exercise | Phantom Units | 1,648 | $0.00 | -- |
| Exercise | Common Stock | 2,003 | $0.00 | -- |
| Disposition | Common Stock | 2,003 | $72.63 | $145K |
| Exercise | Common Stock | 1,130 | $0.00 | -- |
| Disposition | Common Stock | 1,130 | $72.63 | $82K |
| Exercise | Common Stock | 1,648 | $0.00 | -- |
| Disposition | Common Stock | 1,648 | $72.63 | $120K |
Holdings After Transaction:
Phantom Units — 0 shares (Direct);
Common Stock — 3,200 shares (Direct)
Footnotes (1)
- Each phantom unit is the economic equivalent of one share of the Issuer's common stock and settles in cash in an amount equal to the Issuer's closing price per share on the vesting date. Includes 1,197 restricted stock units. The reporting person was previously granted phantom units, the remainder of which vested on February 27, 2026. The reporting person was previously granted phantom units, the remainder of which will vest on February 28, 2027. The reporting person was previously granted phantom units, the remainder of which will vest in two equal annual installments beginning on February 28, 2027.
FAQ
What insider transactions did PHIN (PHINIA INC.) report for Hongyong Yang?
PHINIA reported that executive Hongyong Yang exercised multiple phantom unit awards and engaged in related common stock dispositions to the issuer at $72.63 per share. These transactions reflect routine equity compensation activity rather than open-market buying or selling of PHINIA common stock.
What are phantom units in PHINIA’s compensation for Hongyong Yang (PHIN)?
PHINIA’s phantom units are awards economically equivalent to one share of common stock and settle in cash. On vesting, they pay cash equal to PHINIA’s closing share price, aligning executive compensation with stock performance without issuing additional shares directly from the company.
When do Hongyong Yang’s remaining PHINIA phantom units vest?
Footnotes indicate previously granted phantom units vested on February 27, 2026, with remaining grants vesting on February 28, 2027, and in two equal annual installments beginning February 28, 2027. Those vesting schedules govern when future cash-settled amounts tied to PHINIA’s share price become payable.