Director Newton Latondra awarded PHINIA (PHIN) stock and new deferred RSUs
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Newton Latondra
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Restricted Stock Units | 8 | $0.00 | -- |
| Grant/Award | Common Stock | 13 | $0.00 | -- |
Holdings After Transaction:
Deferred Restricted Stock Units — 2,148 shares (Direct, null);
Common Stock — 19,936 shares (Direct, null)
Footnotes (1)
- 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. Includes 3,380 DRSUs that have vested and will settle upon the reporting person's termination of board service. 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
Common shares awarded: 13 shares
DRSUs awarded: 8 units
Common shares held after: 19,936 shares
+2 more
5 metrics
Common shares awarded
13 shares
Grant on June 23, 2026
DRSUs awarded
8 units
Deferred restricted stock units granted June 23, 2026
Common shares held after
19,936 shares
Direct common stock ownership following transactions
DRSU-share equivalence
1 DRSU = 1 share
Each DRSU is economically equal to one PHINIA common share
DRSU vesting date
May 22, 2027
Vesting date for the reported DRSUs
Key Terms
Deferred Restricted Stock Units, dividend equivalents, Director Deferred Compensation Program, 2023 Stock Incentive Plan
4 terms
Deferred Restricted Stock Units financial
"Represents shares of deferred restricted stock units ("DRSUs") acquired following the automatic reinvestment of dividends"
Deferred restricted stock units are promises by a company to give employees or executives company shares at a future date, subject to conditions like continued employment or performance targets; the delivery and tax event are intentionally delayed. They matter to investors because they affect when new shares may be issued and how executives are motivated—like a paycheck held in escrow that vests over time, influencing potential share dilution and management behavior.
dividend equivalents financial
"including any additional DRSUs acquired as a result of dividend equivalents that have vested"
Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.
Director Deferred Compensation Program financial
"upon the reporting person's termination of board service pursuant to the issuer's Director Deferred Compensation Program"
A director deferred compensation program is an arrangement that lets a company delay paying part of a board member’s fees or bonuses until a future date, often at retirement or after leaving the board. It matters to investors because it affects a company’s long‑term cash commitments and executive incentives—like a timed savings plan that can align directors’ decisions with the company’s future performance while creating future liabilities on the balance sheet.
2023 Stock Incentive Plan financial
"pursuant to the issuer's Director Deferred Compensation Program and 2023 Stock Incentive Plan"
FAQ
What did PHINIA (PHIN) director Newton Latondra report in this Form 4?
Director Newton Latondra reported compensation-related equity awards. He acquired 13 shares of PHINIA common stock and 8 deferred restricted stock units on June 23, 2026, with no cash price, reflecting routine director compensation rather than open‑market trading activity.
Were the PHINIA (PHIN) Form 4 transactions open-market buys or sells?
The transactions were not open-market buys or sells. Both entries use code A, indicating grants or awards. Latondra received common shares and deferred restricted stock units as part of director compensation, with zero transaction price per share disclosed in the filing.
What are deferred restricted stock units (DRSUs) in the PHINIA (PHIN) filing?
Deferred restricted stock units are equity awards economically equivalent to PHINIA common stock. In this filing, each DRSU equals one share and will vest on May 22, 2027, then settle into common shares upon Latondra’s termination of board service under PHINIA’s director compensation plans.
How were the new PHINIA (PHIN) DRSUs acquired by the director?
The DRSUs were acquired through automatic dividend reinvestment. The filing states they represent deferred restricted stock units credited from reinvested dividends on existing DRSUs, in line with the terms of those awards under PHINIA’s director deferred compensation arrangements.