Director Roger Wood receives 2,140-share PHINIA (PHIN) restricted stock award
Rhea-AI Filing Summary
WOOD ROGER reported acquisition or exercise transactions in this Form 4 filing.
PHINIA INC. director Roger Wood received an annual grant of 2,140 shares of restricted common stock, awarded at no cash cost as director compensation. These restricted shares will vest on May 22, 2027. After this grant, Wood directly holds a total of 22,063 common shares, including the 2,140 restricted shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 2,140 shares
Net Buy
1 txn
Insider
WOOD ROGER
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,140 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 22,063 shares (Direct)
Footnotes (2)
- F1. Represents an annual grant of restricted stock to independent directors. The shares will vest on May 22, 2027.
- F2. Includes 2,140 shares of restricted stock.
Key Figures
Restricted stock grant: 2,140 shares
Grant price: $0.0000 per share
Total holdings after grant: 22,063 shares
+1 more
4 metrics
Restricted stock grant
2,140 shares
Annual grant of restricted stock to independent director
Grant price
$0.0000 per share
Reported grant price for 2,140 restricted shares
Total holdings after grant
22,063 shares
Director’s direct common stock ownership following transaction
Vesting date
May 22, 2027
Vesting date for 2,140 restricted shares
Key Terms
restricted stock, independent directors, transaction code A, Form 4
4 terms
restricted stock financial
"Represents an annual grant of restricted stock to independent directors."
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
independent directors regulatory
"Represents an annual grant of restricted stock to independent directors."
Members of a company’s board who do not have significant business, family, or financial ties to the company and are not part of its management; they are chosen to provide impartial oversight of strategy, financial reporting, executive pay and risk. They matter to investors because independent directors act like an objective referee, helping ensure decisions favor shareholders’ long-term interests rather than insiders, which can strengthen trust and reduce the chance of mismanagement or conflicts of interest.
transaction code A regulatory
"transaction_code_description": "Grant, award, or other acquisition""
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did PHIN (PHINIA INC.) director Roger Wood report?
Director Roger Wood reported receiving an annual grant of 2,140 shares of restricted PHINIA INC. common stock. The award was recorded at a price of $0.0000 per share as compensation, rather than a market purchase, and increases his direct ownership stake in the company.
Is the Roger Wood Form 4 for PHIN a stock purchase or a grant?
The Form 4 for PHIN shows a stock grant, not an open-market purchase. Transaction code A indicates a grant or award acquisition of 2,140 restricted shares, provided as annual compensation for serving as an independent director on PHINIA INC.’s board.
What does transaction code A mean in the PHIN Form 4 for Roger Wood?
Transaction code A on the PHIN Form 4 indicates a grant, award, or other acquisition. In this case, it represents an annual grant of 2,140 restricted common shares to independent director Roger Wood as part of his equity-based board compensation.