PHINIA director adds 26 units, 42 dividend shares
PHINIA director Rohan Weerasinghe received additional DRSUs and dividend-reinvestment common shares, increasing his equity-based stake in the company.
Rhea-AI Filing Summary
PHINIA INC. (PHIN) reported that director Rohan Weerasinghe acquired equity-based awards on September 18, 2026. He received 26 Deferred Restricted Stock Units (DRSUs), representing automatic reinvestment of dividends on outstanding DRSUs, and 42 shares of Common Stock from dividend reinvestment.
After these awards, he directly holds 5,260 DRSUs (including 8,625 DRSUs that have vested and will settle upon termination of board service) and 31,311 shares of Common Stock, plus 12 additional shares held indirectly through a managed account. Each DRSU is economically equivalent to one share of PHINIA common stock and will vest on May 22, 2027, then settle in shares upon termination of board service under the company’s director compensation programs. No Rule 10b5-1 trading plan is indicated.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Restricted Stock Units F3, F1 | 26 | $0.00 | $0.00 |
| Grant/Award | Common Stock F1, F2 | 42 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Footnotes (3)
- F1. Represents shares of deferred restricted stock units ("DRSUs") acquired following the automatic reinvestment of dividends on outstanding DRSUs held on the dividend record date, as required by the terms of such awards.
- F2. Includes 8,625 DRSUs that have vested and will settle upon the reporting person's termination of board service.
- F3. 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
Key Terms
Deferred Restricted Stock Units financial
dividend equivalents financial
Director Deferred Compensation Program financial
2023 Stock Incentive Plan financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What equity awards did PHIN director Rohan Weerasinghe receive on September 18, 2026?
How many PHINIA (PHIN) DRSUs does Rohan Weerasinghe hold after this Form 4?
What is Rohan Weerasinghe’s total PHINIA (PHIN) common stock holding after the transactions?
How do PHINIA (PHIN) DRSUs work for director Rohan Weerasinghe?
Were Rohan Weerasinghe’s PHINIA (PHIN) transactions under a Rule 10b5-1 trading plan?
AI-generated analysis. How Rhea-AI works. Not financial advice.