PHINIA director granted 2,140 deferred RSUs
PHINIA Inc. director Latondra Newton reported a new equity compensation award.
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Form Type
4
Rhea-AI Filing Summary
PHINIA Inc. director Latondra Newton reported a new equity compensation award. She received 2,140 deferred restricted stock units (DRSUs), each economically equivalent to one share of PHINIA common stock. These DRSUs vest on May 22, 2027 and will convert into shares after her board service ends under the company’s Director Deferred Compensation Program and 2023 Stock Incentive Plan.
The filing also notes 3,367 DRSUs that have already vested and will settle upon her termination of board service, and shows 19,923 shares of common stock held directly after the reported transactions.
Insider Trade Summary
Grant/Award: 2,140 shares
Grant/Award
2 txns
Insider
Newton Latondra
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Restricted Stock Units | 2,140 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Deferred Restricted Stock Units — 2,140 contracts (Direct);
Common Stock — 19,923 shares (Direct)
Footnotes (2)
- F1. Includes 3,367 deferred restricted stock units ("DRSUs") that have vested and will settle upon the reporting person's termination of board service.
- F2. Represents DRSUs that the reporting person elected to receive in lieu of the annual non-employee director grant of shares of restricted stock. Each DRSU is the economic equivalent of one share of PHINIA Inc. common stock and will vest on May 22, 2027. These DRSUs will settle into an equal number of shares of the issuer's common stock, including any additional DRSUs acquired as a result of dividend equivalents that have vested, upon the reporting person's termination of board service pursuant to the issuer's Director Deferred Compensation Program and 2023 Stock Incentive Plan.
Key Figures
New DRSU grant: 2,140 units
Common shares held: 19,923 shares
Previously vested DRSUs: 3,367 units
+1 more
4 metrics
New DRSU grant
2,140 units
Deferred restricted stock units granted to director on May 22, 2026
Common shares held
19,923 shares
Common stock directly owned following reported transactions
Previously vested DRSUs
3,367 units
Deferred restricted stock units that have vested and will settle at end of board service
DRSU conversion ratio
1:1 to common stock
Each DRSU is the economic equivalent of one PHINIA common share
Key Terms
Deferred Restricted Stock Units, dividend equivalents, Director Deferred Compensation Program, 2023 Stock Incentive Plan
4 terms
Deferred Restricted Stock Units financial
"Represents DRSUs that the reporting person elected to receive in lieu of the annual non-employee director grant of shares of restricted stock."
Deferred restricted stock units are promises by a company to give employees or executives company shares at a future date, subject to conditions like continued employment or performance targets; the delivery and tax event are intentionally delayed. They matter to investors because they affect when new shares may be issued and how executives are motivated—like a paycheck held in escrow that vests over time, influencing potential share dilution and management behavior.
dividend equivalents financial
"including any additional DRSUs acquired as a result of dividend equivalents that have vested"
Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.
Director Deferred Compensation Program financial
"upon the reporting person's termination of board service pursuant to the issuer's Director Deferred Compensation Program and 2023 Stock Incentive Plan."
A director deferred compensation program is an arrangement that lets a company delay paying part of a board member’s fees or bonuses until a future date, often at retirement or after leaving the board. It matters to investors because it affects a company’s long‑term cash commitments and executive incentives—like a timed savings plan that can align directors’ decisions with the company’s future performance while creating future liabilities on the balance sheet.
2023 Stock Incentive Plan financial
"pursuant to the issuer's Director Deferred Compensation Program and 2023 Stock Incentive Plan."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did PHIN (PHINIA Inc.) report for Latondra Newton?
PHINIA Inc. reported that director Latondra Newton received 2,140 deferred restricted stock units as an equity award. These units are compensation, not an open-market purchase or sale, and are economically equivalent to common shares subject to vesting and settlement conditions.
How many deferred restricted stock units did PHIN director Latondra Newton receive?
Latondra Newton was granted 2,140 deferred restricted stock units (DRSUs) as part of her director compensation. Each DRSU equals one share of PHINIA common stock and will vest on May 22, 2027 before settling into shares after her board service ends.
When do Latondra Newton’s new PHINIA deferred stock units vest and settle?
The 2,140 new deferred restricted stock units vest on May 22, 2027. They will then settle into an equal number of PHINIA common shares upon her termination of board service, in line with the Director Deferred Compensation Program and 2023 Stock Incentive Plan.
What existing PHINIA deferred stock units does Latondra Newton already have?
The filing notes that Latondra Newton already has 3,367 deferred restricted stock units that have vested. These vested DRSUs will settle into PHINIA common shares when her board service ends, adding to the director’s long-term equity-based compensation position.
Is Latondra Newton’s PHINIA equity award an open-market stock purchase?
No, the 2,140 deferred restricted stock units are a compensation grant, not an open-market purchase. They were received in lieu of an annual non-employee director restricted stock grant, with vesting in 2027 and settlement after her board service concludes.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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