PHINIA (PHIN) strategy chief receives 31-share equity award via dividends
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PHINIA INC. executive Neto de Abreu Pedro Rui, the Vice President and Chief Strategy Officer, reported an acquisition of 31 shares of common stock through equity award mechanics. These shares were granted at no cash cost, reflecting automatic reinvestment of dividends tied to existing restricted stock and restricted stock units.
Footnotes explain that 11 shares came from dividend reinvestment on restricted stock and 20 shares from dividend equivalents on restricted stock units, in line with award terms. Following this award-related acquisition, his direct holdings increased to 18,578 shares of common stock, including 3,075 shares of restricted stock and 5,329 restricted stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Neto de Abreu Pedro Rui
Role
VP and Chief Strategy Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 31 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 18,578 shares (Direct, null)
Footnotes (1)
- Reflects 11 shares of restricted stock acquired following the automatic reinvestment of dividends on outstanding restricted stock held on the dividend record date and 20 shares of restricted stock units acquired following the automatic reinvestment of dividend equivalents on outstanding restricted stock units held on the dividend record date, as required by the terms of such awards. Includes 3,075 shares of restricted stock and 5,329 restricted stock units.
Key Figures
Shares acquired: 31 shares
Dividend reinvestment restricted stock: 11 shares
Dividend-equivalent RSUs: 20 units
+4 more
7 metrics
Shares acquired
31 shares
Award-related acquisition of common stock on June 23, 2026
Dividend reinvestment restricted stock
11 shares
Restricted stock acquired via automatic dividend reinvestment
Dividend-equivalent RSUs
20 units
Restricted stock units from automatic dividend-equivalent reinvestment
Holdings after transaction
18,578 shares
Total common stock directly held following the Form 4 transaction
Restricted stock included
3,075 shares
Restricted stock counted within total direct holdings
Restricted stock units included
5,329 units
Restricted stock units counted within total direct holdings
Award price per share
$0.0000 per share
Indicates no cash paid by insider for granted shares
Key Terms
restricted stock, restricted stock units, dividend equivalents, grant, award, or other acquisition
4 terms
restricted stock financial
"Reflects 11 shares of restricted stock acquired following the automatic reinvestment of dividends"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
restricted stock units financial
"20 shares of restricted stock units acquired following the automatic reinvestment of dividend equivalents"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
dividend equivalents financial
"automatic reinvestment of dividend equivalents on outstanding restricted stock units"
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.
grant, award, or other acquisition financial
"transaction code description: Grant, award, or other acquisition"
FAQ
What insider transaction did PHINIA (PHIN) report for Neto de Abreu Pedro Rui?
PHINIA reported that VP and Chief Strategy Officer Neto de Abreu Pedro Rui acquired 31 shares of common stock. The shares were received as part of equity awards through automatic dividend and dividend-equivalent reinvestment, rather than an open-market stock purchase.
What are Neto de Abreu Pedro Rui’s total PHINIA (PHIN) holdings after this Form 4?
After the reported award-related acquisition, his direct holdings total 18,578 shares of common stock. This figure includes 3,075 shares of restricted stock and 5,329 restricted stock units, reflecting both time-based equity awards and previously granted restricted instruments.
Was the PHINIA (PHIN) insider transaction an open-market buy or a compensation award?
The transaction was a compensation-related acquisition, not an open-market buy. The shares were credited through automatic reinvestment of dividends and dividend equivalents on existing restricted stock and restricted stock units, consistent with the grant terms described in the Form 4 footnotes.
What does transaction code “A” mean in the PHINIA (PHIN) Form 4 filing?
Transaction code “A” indicates a grant, award, or other acquisition of securities. In this case, it reflects additional shares and restricted stock units received by the executive through automatic dividend and dividend-equivalent reinvestment under existing equity award agreements.