PHINIA SVP has shares withheld for taxes
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
Net Seller: 2,212 shares
Net Sell
1 txn
Insider
Boyle Robert
Role
SVP, GC and Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 2,212 | $72.63 | $161K |
Holdings After Transaction:
Common Stock — 35,650 shares (Direct)
Footnotes (2)
- F1. Shares automatically and mandatorily withheld to satisfy the tax withholding requirement upon the vesting of restricted stock.
- F2. 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.
AI-generated analysis. How Rhea-AI works. Not financial advice.