PHIN Form 4: Insider Coetzee acquires 81 shares; 7 withheld at $58.20
Rhea-AI Filing Summary
Michael Coetzee, VP and GM Fuel Syst. Americas at PHINIA INC. (PHIN), reported transactions dated 09/12/2025. He acquired 81 shares of common stock through automatic dividend reinvestment of restricted stock (code A) at no cash price, bringing his beneficial ownership to 28,248 shares. On the same date, 7 shares were disposed (withheld) to satisfy tax withholding upon restricted stock vesting at a price of $58.20, leaving 28,241 shares reported after the transactions. The filing notes that the total includes 12,941 shares of restricted stock. The Form 4 was signed by an attorney-in-fact on behalf of Mr. Coetzee on 09/16/2025. The transactions reflect standard dividend reinvestment and tax withholding mechanics for outstanding restricted awards.
Positive
- Continued ownership in PHINIA via dividend reinvestment increased beneficial holdings to 28,248 shares
- Transparent disclosure of restricted stock vesting and tax withholding with explanatory footnotes
Negative
- Mandatory tax withholding reduced reported shares by 7 shares at a reported price of $58.20
Insights
TL;DR: Routine insider transactions; ownership modestly increased by dividend reinvestment, with minor share withholding for taxes.
The Form 4 shows non-derivative activity tied to restricted stock mechanics rather than open-market buying or selling. The acquisition of 81 shares via dividend reinvestment increases the reporting persons stake marginally to 28,248 shares. The 7-share disposition represents mandatory tax withholding on vesting, recorded at $58.20 per share. These transactions are administrative and do not indicate a change in corporate control or a market-moving transfer of shares.
TL;DR: Compliance-focused filing documenting award vesting, dividend reinvestment and required tax withholding; no governance red flags.
The entries and accompanying explanations align with standard equity award provisions: automatic dividend reinvestment for restricted stock and mandatory share withholding to satisfy tax obligations upon vesting. The report was timely-signed by an attorney-in-fact, indicating appropriate procedural handling. There is no indication of extraordinary transactions, transfers to related parties, or changes in reporting status.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 81 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 7 | $58.20 | $407.40 |
Footnotes (3)
- F1. 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.
- F2. Shares automatically and mandatorily withheld to satisfy the tax withholding requirement upon the vesting of restricted stock.
- F3. Includes 12,941 shares of restricted stock.
FAQ
What transactions did Michael Coetzee report on Form 4 for PHIN on 09/12/2025?
Does the Form 4 indicate any open-market purchases or sales by the reporting person?
Who signed the Form 4 and when was it signed?
AI-generated analysis. How Rhea-AI works. Not financial advice.