PHINIA (PHIN) VP receives dividend-based restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Yang Hongyong reported acquisition or exercise transactions in this Form 4 filing.
PHINIA INC. executive Yang Hongyong, VP and GM Fuel Systems Asia Pacific, reported an automatic grant of 6 restricted stock units tied to dividend reinvestment on existing awards. Following this grant, he holds 1,203 restricted stock units directly.
He also holds phantom units that are economically equivalent to common shares and settle in cash based on PHINIA’s closing share price on the vesting date. According to the disclosure, remaining phantom units are scheduled to vest on February 28, 2027 and in two equal annual installments beginning on that date.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Yang Hongyong
Role
VP and GM Fuel Syst. Asia Pac
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 6 | $0.00 | -- |
| holding | Phantom Units | -- | -- | -- |
| holding | Phantom Units | -- | -- | -- |
Holdings After Transaction:
Common Stock — 1,203 shares (Direct);
Phantom Units — 1,130 shares (Direct)
Footnotes (1)
- Reflects shares of restricted stock units acquired following the automatic reinvestment of dividends on outstanding restricted stock units held on the dividend record date, as required by the terms of such awards. Shares listed are restricted stock units. 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. 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 transaction did PHINIA (PHIN) report for Yang Hongyong?
PHINIA reported a small equity award for executive Yang Hongyong. He received 6 restricted stock units through automatic dividend reinvestment on outstanding awards, increasing his direct restricted stock unit holdings to 1,203, according to the Form 4 disclosure.
How many PHINIA restricted stock units does Yang Hongyong hold after this Form 4?
After the reported transaction, Yang Hongyong holds 1,203 restricted stock units. The filing states that 6 additional units were acquired automatically via dividend reinvestment on previously granted restricted stock units under the award terms.
What are PHINIA phantom units reported in Yang Hongyong’s Form 4?
Phantom units are cash-settled awards that are economically equivalent to one share of PHINIA common stock. They pay cash equal to the company’s closing share price on the vesting date, rather than delivering actual shares.
When do Yang Hongyong’s PHINIA phantom units vest?
Remaining phantom units vest beginning February 28, 2027. The disclosure notes one grant with a remainder vesting on February 28, 2027, and another vesting in two equal annual installments starting on February 28, 2027.
Is Yang Hongyong’s PHINIA Form 4 a purchase or a compensation award?
The Form 4 reflects a compensation-related award, not an open-market share purchase or sale. The 6 units were granted automatically as restricted stock units through dividend reinvestment on existing equity awards.
What is Yang Hongyong’s role at PHINIA mentioned in the Form 4?
Yang Hongyong serves as PHINIA’s VP and GM Fuel Systems Asia Pacific. The reported equity awards, including restricted stock units and phantom units, relate to his position as a company officer in that regional and product leadership role.