PHINIA SVP has shares withheld for taxes
Rhea-AI Filing Summary
PHINIA INC. Senior Vice President and CIO Matthew Logar reported a tax-related share disposition connected to vesting restricted stock. On the transaction date, 848 shares of common stock were automatically withheld at $72.63 per share to cover tax obligations, rather than sold on the open market. After this withholding, Logar directly held 19,444 common shares, including 11,934 shares of restricted stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 848 shares
Net Sell
1 txn
Insider
Logar Matthew
Role
SVP and CIO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 848 | $72.63 | $62K |
Holdings After Transaction:
Common Stock — 19,444 shares (Direct)
Footnotes (2)
- F1. Shares automatically and mandatorily withheld to satisfy the tax withholding requirement upon the vesting of restricted stock.
- F2. Includes 11,934 shares of restricted stock.
FAQ
What insider transaction did PHIN (PHINIA INC.) report for Matthew Logar?
PHINIA INC. reported that SVP and CIO Matthew Logar had 848 common shares automatically withheld to satisfy tax obligations upon restricted stock vesting. This was a tax-withholding disposition, not an open-market sale, and it adjusted his post-vesting share count.
What does the tax-withholding disposition code F mean in PHIN’s insider filing?
Code F in the PHINIA INC. Form 4 indicates shares were used to pay taxes or exercise costs related to equity awards. In this case, 848 shares of common stock were automatically withheld when restricted stock vested, satisfying tax withholding obligations without a direct market sale.
AI-generated analysis. How Rhea-AI works. Not financial advice.