PHIN Form 4: CEO Ericson Gains 1,312 Shares via Dividend Reinvestment; 143 Withheld
Rhea-AI Filing Summary
Brady D. Ericson, President and CEO and a director of Phinia Inc. (PHIN), reported transactions dated 09/12/2025. On that date he acquired 1,312 shares of common stock at no cash cost arising from automatic reinvestment of dividends: 1,062 restricted shares and 250 restricted stock units. The report also shows 143 shares were automatically withheld and disposed of at $58.20 per share to satisfy tax withholding upon vesting. Following these transactions the filing reports beneficial ownership of 408,756 shares held directly.
The Form 4 was filed by one reporting person and signed by an attorney-in-fact, Kelly A. Albin, on 09/16/2025. The filing notes that the total holdings include 159,312 restricted stock and 54,177 restricted stock units.
Positive
- Automatic reinvestment of dividends converted into 1,062 restricted shares and 250 restricted stock units, increasing equity alignment with the company
- Detailed disclosure of restricted stock and RSU composition: 159,312 restricted shares and 54,177 RSUs included in holdings
- Post-transaction beneficial ownership clearly reported as 408,756 shares, providing transparency under Section 16 filing rules
Negative
- 143 shares were disposed of at $58.20 to satisfy tax withholding upon vesting, which reduced the reported direct share count
Insights
TL;DR Insider received shares via dividend reinvestment and had a small withholding sale for taxes; overall filing is routine and non-material to operations.
The reported activity shows an automatic, non-cash increase of 1,312 shares due to dividend reinvestment into restricted stock and RSUs, and a concurrent mandatory withholding disposition of 143 shares at $58.20 to satisfy taxes. The filing confirms substantial insider holdings with 408,756 shares reported post-transaction and detailed counts of restricted stock and RSUs. For investors this represents routine compensation and tax-related mechanics rather than an open-market purchase or sale that would signal a change in insider sentiment.
TL;DR The Form 4 documents standard equity award mechanics and tax withholding; governance disclosures appear complete and timely.
The form identifies Mr. Ericson as both President and CEO and a director, and discloses dividend reinvestment into restricted awards and mandatory share withholding for tax obligations. The filing was executed by an attorney-in-fact and includes explanatory footnotes specifying the composition of restricted stock and RSUs. From a governance perspective, disclosures meet Section 16 requirements and provide clear breakdowns of award-derived share changes and post-transaction beneficial ownership.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,312 | $0.00 | -- |
| Tax Withholding | Common Stock | 143 | $58.20 | $8K |
Footnotes (1)
- Reflects 1,062 shares of restricted stock acquired following the automatic reinvestment of dividends on outstanding restricted stock held on the dividend record date and 250 shares of restricted stock units acquired following the automatic reinvestment of dividend equivalents on outstanding restricted stock units 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 159,312 shares of restricted stock and 54,177 restricted stock units.
