[Form 4] PHINIA INC. Insider Trading Activity
Rhea-AI Filing Summary
Chris P. Gropp, Vice President and CFO of PHINIA INC. (PHIN), reported transactions on 09/12/2025 involving the issuer's common stock. The filing shows an automatic acquisition of 234 shares of restricted stock via dividend reinvestment at no cash cost, increasing his direct beneficial ownership to 61,280 shares. The report also records an acquisition of 13 shares credited indirectly (noting inclusion of 2,926 restricted shares for which he disclaims beneficial ownership). Separately, 31 shares were withheld to satisfy tax withholding upon vesting at a price of $58.20, leaving 61,249 direct shares reported after that disposition. All transactions are described as automatic dividend reinvestment or mandatory tax withholding under award terms.
Positive
- Increased direct holdings by 234 shares via automatic dividend reinvestment, reflecting use of award plan provisions
- Transactions are plan-driven and routine, indicating no discretionary insider selling reported on this Form 4
Negative
- 31 shares withheld to satisfy tax withholding at $58.20, resulting in a small disposition from reported direct holdings
Insights
TL;DR: Small automatic stock reinvestment and mandatory tax-withholding adjusted the CFO's direct and indirect holdings without cash purchases.
The Form 4 discloses routine, non-discretionary transactions tied to restricted stock awards: dividend reinvestment yielded 234 additional shares credited directly, and 13 shares credited indirectly through spouse-related holdings. The mandatory withholding of 31 shares at $58.20 reflects tax-related disposition on vesting. These moves are administrative in nature and do not indicate discretionary trading or a material change in ownership percentage based on the reported share counts.
TL;DR: Transactions are consistent with award plan mechanics and standard insider reporting; no governance concerns apparent.
The filing documents automatic plan-driven events: dividend reinvestment into restricted shares and share withholding for tax obligations upon vesting. The report includes a disclaimer regarding beneficial ownership of certain restricted shares (2,926 shares), which is common where spousal or restricted-holdings rules apply. No voluntary sales or atypical transfers are disclosed that would raise governance flags.