Phinia director receives stock and DRSU awards
PHINIA Inc. director Newton Latondra reported routine equity awards.
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Rhea-AI Filing Summary
PHINIA Inc. director Newton Latondra reported routine equity awards. On June 23, 2026, he acquired 13 shares of common stock and 8 deferred restricted stock units (DRSUs) at no cost, reflecting compensation-related grants rather than open‑market purchases or sales.
After these awards, he directly holds 19,936 shares of common stock. Each DRSU is economically equal to one share of PHINIA common stock and will vest on May 22, 2027, settling into shares upon his termination of board service under the company’s director compensation programs.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Restricted Stock Units | 8 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 13 | $0.00 | $0.00 |
Footnotes (3)
- F1. Represents shares of deferred restricted stock units ("DRSUs") acquired following the automatic reinvestment of dividends on outstanding DRSUs held on the dividend record date, as required by the terms of such awards.
- F2. Includes 3,380 DRSUs that have vested and will settle upon the reporting person's termination of board service.
- F3. 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
Key Terms
Deferred Restricted Stock Units financial
dividend equivalents financial
Director Deferred Compensation Program financial
2023 Stock Incentive Plan financial
FAQ
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What did PHINIA (PHIN) director Newton Latondra report in this Form 4?
Were the PHINIA (PHIN) Form 4 transactions open-market buys or sells?
What are deferred restricted stock units (DRSUs) in the PHINIA (PHIN) filing?
How were the new PHINIA (PHIN) DRSUs acquired by the director?
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