PHINIA Inc. (PHIN) director adds dividend-based deferred stock units
Rhea-AI Filing Summary
PHINIA Inc. director Robin Kendrick reported an equity award involving deferred restricted stock units. On 12/12/2025, the director acquired 22 deferred restricted stock units (DRSUs), representing dividend equivalents automatically reinvested on outstanding DRSUs.
Each DRSU is the economic equivalent of one share of PHINIA common stock and will vest on the one-year anniversary of the grant date, then settle into shares upon the director’s termination of board service under the Director Deferred Compensation Program and 2023 Stock Incentive Plan. After this transaction, the director beneficially owns 16,556 common shares directly, 15,794 common shares indirectly through a trust, and 4,702 DRSUs.
Positive
- None.
Negative
- None.
FAQ
What insider transaction did PHINIA (PHIN) report in this Form 4?
The filing shows that director Robin Kendrick acquired 22 deferred restricted stock units (DRSUs) on 12/12/2025, tied to automatic dividend reinvestment on existing DRSUs.
How many PHINIA deferred restricted stock units does the director now hold?
Following the reported transaction, the director beneficially owns 4,702 deferred restricted stock units, each economically equivalent to one share of PHINIA common stock.
What are DRSUs in the context of PHINIA (PHIN) director compensation?
Each deferred restricted stock unit (DRSU) is the economic equivalent of one share of PHINIA common stock, vests on the one-year anniversary of the grant date, and will settle into an equal number of shares when the director’s board service ends.
How many PHINIA shares does the director own directly and indirectly after this transaction?
After the transaction, the director beneficially owns 16,556 PHINIA common shares directly and 15,794 PHINIA common shares indirectly through a trust.
How were the additional PHINIA DRSUs obtained by the director?
The additional 22 DRSUs represent units acquired through the automatic reinvestment of dividends on outstanding DRSUs held on the dividend record date, as required by the award terms.
When will the PHINIA director’s DRSUs be settled into common stock?
The DRSUs will settle into an equal number of PHINIA common shares, including any additional dividend-equivalent DRSUs that have vested, upon the director’s termination of board service under the Director Deferred Compensation Program and 2023 Stock Incentive Plan.