Tax withholding trims PHINIA (PHIN) CTO Todd Anderson’s share count
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PHINIA INC. executive Todd L. Anderson, VP and Chief Technology Officer, reported an automatic tax-withholding disposition of common stock tied to restricted stock vesting. On this transaction, 1,594 shares were withheld at a price of $72.63 per share to cover tax obligations.
Following this withholding event, Anderson directly owns 31,007 common shares, which includes 8,546 shares of restricted stock that remain subject to vesting conditions.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Anderson Todd L
Role
VP and Chief Tech. Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,594 | $72.63 | $116K |
Holdings After Transaction:
Common Stock — 31,007 shares (Direct)
Footnotes (1)
- Shares automatically and mandatorily withheld to satisfy the tax withholding requirement upon the vesting of restricted stock. Includes 8,546 shares of restricted stock.
FAQ
What insider transaction did PHINIA (PHIN) executive Todd L. Anderson report?
Todd L. Anderson reported an automatic tax-withholding disposition of 1,594 shares of PHINIA common stock. The shares were withheld upon the vesting of restricted stock to satisfy tax obligations, rather than being sold in an open-market transaction.
What does transaction code “F” mean in the PHINIA (PHIN) Form 4 filing?
Transaction code “F” indicates payment of an exercise price or tax liability by delivering securities. In this case, PHINIA shares were automatically withheld from Todd L. Anderson when restricted stock vested, to satisfy his associated tax withholding obligation.