PHINIA (PHIN) director receives restricted stock and DRSU awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Norman Daun reported acquisition or exercise transactions in this Form 4 filing.
PHINIA Inc. director Norman Daun received equity-based compensation. On May 22, 2026, he was granted 2,140 shares of restricted common stock as an annual grant to independent directors, increasing his direct holdings to 22,063 shares. These restricted shares will vest on May 22, 2027.
He also received 836 deferred restricted stock units (DRSUs) in lieu of his annual non-employee director cash retainer at an economic equivalent of $74.80 per share. Each DRSU equals one share of PHINIA common stock, will vest on May 22, 2027, and will settle into shares upon his termination of board service 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
Norman Daun
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Restricted Stock Units | 836 | $74.80 | $63K |
| Grant/Award | Common Stock | 2,140 | $0.00 | -- |
Holdings After Transaction:
Deferred Restricted Stock Units — 836 shares (Direct, null);
Common Stock — 22,063 shares (Direct, null)
Footnotes (1)
- Represents an annual grant of restricted stock to independent directors. The shares will vest on May 22, 2027. Includes 2,140 shares of restricted stock. Represents deferred restricted stock units ("DRSUs") that the reporting person elected to receive in lieu of the annual non-employee director cash retainer. Each DRSU is the economic equivalent of one share of PHINIA Inc. common stock and will vest on May 22, 2027. 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.
Key Figures
Restricted stock grant: 2,140 shares
Shares owned after grant: 22,063 shares
Deferred restricted stock units: 836 DRSUs
+2 more
5 metrics
Restricted stock grant
2,140 shares
Annual grant of restricted stock to independent directors vesting May 22, 2027
Shares owned after grant
22,063 shares
Total PHINIA common shares directly held by Norman Daun after transactions
Deferred restricted stock units
836 DRSUs
Equity granted in lieu of annual non-employee director cash retainer
DRSU grant value per unit
$74.80 per DRSU
Economic equivalent of one share of PHINIA common stock
Vesting date
May 22, 2027
Vesting date for both restricted stock and DRSUs
Key Terms
Deferred Restricted Stock Units, dividend equivalents, Director Deferred Compensation Program, 2023 Stock Incentive Plan
4 terms
Deferred Restricted Stock Units financial
"Represents deferred restricted stock units ("DRSUs") that the reporting person elected to receive in lieu of the annual non-employee director cash retainer."
Deferred restricted stock units are promises by a company to give employees or executives company shares at a future date, subject to conditions like continued employment or performance targets; the delivery and tax event are intentionally delayed. They matter to investors because they affect when new shares may be issued and how executives are motivated—like a paycheck held in escrow that vests over time, influencing potential share dilution and management behavior.
dividend equivalents financial
"including any additional DRSUs acquired as a result of dividend equivalents that have vested"
Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.
Director Deferred Compensation Program financial
"upon the reporting person's termination of board service pursuant to the issuer's Director Deferred Compensation Program"
A director deferred compensation program is an arrangement that lets a company delay paying part of a board member’s fees or bonuses until a future date, often at retirement or after leaving the board. It matters to investors because it affects a company’s long‑term cash commitments and executive incentives—like a timed savings plan that can align directors’ decisions with the company’s future performance while creating future liabilities on the balance sheet.
2023 Stock Incentive Plan financial
"pursuant to the issuer's Director Deferred Compensation Program and 2023 Stock Incentive Plan."
FAQ
What did PHINIA (PHIN) director Norman Daun report in this Form 4?
Director Norman Daun reported equity awards from PHINIA. He received 2,140 restricted common shares and 836 deferred restricted stock units as part of his annual independent director compensation, increasing his directly held common stock to 22,063 shares after the transactions.
What are the terms of the PHINIA (PHIN) restricted stock granted to Norman Daun?
The grant to Norman Daun consists of 2,140 restricted common shares that will vest on May 22, 2027. These shares are part of the annual grant to independent directors, with vesting tied to continued board service through that vesting date.
What deferred restricted stock units (DRSUs) did PHINIA (PHIN) grant to Norman Daun?
PHINIA granted Norman Daun 836 deferred restricted stock units (DRSUs) he elected to receive instead of his annual non-employee director cash retainer. Each DRSU equals one PHINIA common share economically and will settle into shares when his board service ends.
When do Norman Daun’s PHINIA (PHIN) equity awards vest and settle?
Both the 2,140 restricted shares and the 836 DRSUs granted to Norman Daun vest on May 22, 2027. The DRSUs will then settle into an equal number of PHINIA common shares upon his termination of board service, under the company’s deferred compensation program.
At what value were PHINIA (PHIN) DRSUs granted to Norman Daun?
The 836 deferred restricted stock units granted to Norman Daun were issued at an economic equivalent of $74.80 per unit. Each DRSU represents the economic value of one share of PHINIA common stock, received instead of a cash board retainer.