PHIN insider filing: dividend reinvestment yields 118 restricted shares
Rhea-AI Filing Summary
Robert Boyle, VP, General Counsel and Secretary of PHINIA INC. (PHIN), reported two transactions on 09/12/2025. He received 118 shares of restricted common stock at a $0 price through automatic dividend reinvestment into outstanding restricted awards. Separately, 14 shares were automatically and mandatorily withheld to satisfy tax withholding upon the vesting of restricted stock at a price of $58.20 per share. After these changes, Mr. Boyle beneficially owned 34,742 shares (the filing notes this total includes 18,740 restricted shares). The Form 4 was signed by an attorney-in-fact on 09/16/2025.
Positive
- Dividend reinvestment added 118 restricted shares, increasing insider alignment with shareholders
- Total beneficial ownership remains substantial at 34,742 shares, including 18,740 restricted shares
Negative
- 14 shares were withheld to satisfy tax obligations, slightly reducing free-floating insider holdings
Insights
TL;DR: Insider received dividends-in-kind and experienced routine tax withholding on vesting; ownership changed only modestly and appears procedural.
The Form 4 shows a non-discretionary dividend reinvestment that produced 118 restricted shares and an automatic withholding of 14 shares to cover taxes on vesting. These are standard compensation-plan mechanics rather than directional trading. The filing discloses a meaningful portion of Mr. Boyle's holdings are restricted (18,740 shares), which is relevant for assessing lock-up and governance alignment. No discretionary open-market purchases or large disposals are reported.
TL;DR: Transactions reflect equity compensation administration: dividend reinvestment and mandatory tax withholding on vesting.
The acquisition of 118 shares at $0 via dividend reinvestment is consistent with award terms that reinvest dividends into additional restricted stock. The 14-share disposition at $58.20 is described as mandatory withholding to satisfy tax obligations upon vesting, indicating employer payroll tax procedures rather than a voluntary sale. These mechanics affect share count and tax reporting but do not indicate a change in insider confidence or market signaling.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 118 | $0.00 | -- |
| Tax Withholding | Common Stock | 14 | $58.20 | $814.80 |
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. Shares automatically and mandatorily withheld to satisfy the tax withholding requirement upon the vesting of restricted stock. Includes 18,740 shares of restricted stock.