Tax withholding trims PHINIA (NYSE: PHIN) SVP Robert Boyle stake
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PHINIA INC. senior vice president, general counsel and secretary Robert Boyle reported an automatic tax-withholding disposition of 2,212 shares of common stock at $72.63 per share when restricted stock vested. After this withholding, he directly holds 35,650 common shares, including 14,397 shares of restricted stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Boyle Robert
Role
SVP, GC and Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 2,212 | $72.63 | $161K |
Holdings After Transaction:
Common Stock — 35,650 shares (Direct)
Footnotes (1)
- Shares automatically and mandatorily withheld to satisfy the tax withholding requirement upon the vesting of restricted stock. Includes 14,397 shares of restricted stock.
FAQ
What insider transaction did PHINIA (PHIN) report for Robert Boyle?
PHINIA reported that Robert Boyle had 2,212 common shares automatically withheld to cover taxes upon the vesting of restricted stock. This tax-withholding disposition was recorded at a price of $72.63 per share and was not an open-market sale of shares.
Was Robert Boyle’s PHINIA (PHIN) Form 4 transaction an open-market sale?
No, the Form 4 describes an automatic tax-withholding disposition, not a voluntary open-market sale. Shares were mandatorily withheld by PHINIA to satisfy tax obligations triggered when restricted stock vested, a common administrative mechanism for equity compensation programs.
What is Robert Boyle’s role at PHINIA (PHIN) mentioned in the Form 4?
The Form 4 identifies Robert Boyle as senior vice president, general counsel and secretary of PHINIA. This indicates he is a key executive and officer of the company, which is why his equity transactions in PHINIA common stock must be reported to regulators and investors.