PHINIA INC. (PHIN) VP gains 43 restricted shares via dividend reinvestment
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PHINIA INC. executive Michael Coetzee received 43 shares of common stock as a grant tied to dividend reinvestment on existing restricted stock awards. These shares were acquired at no cash price as required by the award terms. Following this automatic acquisition, Coetzee directly holds 28,259 common shares, including 8,968 shares of restricted stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Coetzee Michael
Role
VP and GM Fuel Syst. Americas
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 43 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 28,259 shares (Direct)
Footnotes (1)
- Reflects shares of restricted stock acquired following the automatic reinvestment of dividends on outstanding restricted stock held on the dividend record date, as required by the terms of such awards. Includes 8,968 shares of restricted stock.
FAQ
What insider transaction did PHIN (PHINIA INC.) report for Michael Coetzee?
PHINIA INC. reported that Michael Coetzee acquired 43 shares of common stock. The shares were received as restricted stock through automatic dividend reinvestment under existing award terms, rather than through an open-market purchase or sale.
Was the PHINIA (PHIN) insider transaction a market buy or sell?
The transaction was not a market buy or sell. Michael Coetzee received 43 restricted shares at no stated price through automatic reinvestment of dividends on his outstanding restricted stock, consistent with the terms of those awards.
What role does Michael Coetzee hold at PHINIA INC. in this Form 4?
In this filing, Michael Coetzee is identified as an officer of PHINIA INC., serving as Vice President and General Manager, Fuel Systems Americas. The reported equity award reflects part of his compensation structure as a senior executive.