PHINIA (NYSE: PHIN) CEO adds 668 restricted shares via dividend reinvestment
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PHINIA INC. President and CEO Brady D. Ericson received an automatic share award through dividend reinvestment. On this Form 4, he acquired 668 shares of common stock as restricted stock, with no cash paid, following the automatic reinvestment of dividends on previously granted restricted stock awards.
After this grant, he directly holds 389,029 common shares, including 140,204 shares of restricted stock. This is a routine, compensation-related adjustment tied to dividend reinvestment rather than an open-market purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Ericson Brady D
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 668 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 389,029 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 140,204 shares of restricted stock.
FAQ
What insider transaction did PHINIA (PHIN) report for Brady D. Ericson?
PHINIA reported that President and CEO Brady D. Ericson acquired 668 shares of common stock as restricted stock. The shares were issued at no cost through automatic dividend reinvestment on his existing restricted stock awards, reflecting a routine compensation-related adjustment.
Was the PHINIA (PHIN) CEO’s latest Form 4 a market purchase or a grant?
The CEO’s latest Form 4 reflects a grant-type acquisition, not a market purchase. Ericson received 668 restricted shares through automatic reinvestment of dividends on outstanding restricted stock, consistent with the terms of his prior equity awards rather than discretionary buying.
Does the PHINIA (PHIN) Form 4 indicate any stock sales by the CEO?
The Form 4 shows no stock sales by the CEO. It reports only one transaction: an acquisition of 668 restricted common shares via automatic dividend reinvestment. There are no dispositions, exercises, or open-market sale transactions disclosed for the reported date in this filing.