PHINIA CTO has 1,289 shares withheld for taxes
Rhea-AI Filing Summary
PHINIA INC. (PHIN) reported an insider equity-tax event by Todd L. Anderson, VP and Chief Technology Officer. On 2026-08-28, 1,289 shares of common stock were automatically and mandatorily withheld to satisfy tax withholding upon the vesting of restricted stock at a reference price of $68.65 per share. After this withholding, Anderson directly owns 29,792 shares of common stock, which includes 4,275 shares of restricted stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,289 shares
Net Sell
1 txn
Insider
Anderson Todd L
Role
VP and Chief Tech. Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1, F2 | 1,289 | $68.65 | $88K |
Holdings After Transaction:
Common Stock — 29,792 shares (Direct)
Footnotes (2)
- F1. Shares automatically and mandatorily withheld to satisfy the tax withholding requirement upon the vesting of restricted stock.
- F2. Includes 4,275 shares of restricted stock.
Key Figures
Shares withheld for tax: 1,289 shares of common stock
Reference price per share: $68.65 per share
Shares owned after transaction: 29,792 shares of common stock
+1 more
4 metrics
Shares withheld for tax
1,289 shares of common stock
Automatically and mandatorily withheld on 2026-08-28 to satisfy tax withholding upon restricted stock vesting
Reference price per share
$68.65 per share
Price reported for the 1,289 shares withheld for tax on 2026-08-28
Shares owned after transaction
29,792 shares of common stock
Direct holdings of Todd L. Anderson following the tax-withholding transaction
Restricted stock included in holdings
4,275 shares of restricted stock
Portion of Anderson’s 29,792 post-transaction shares that are restricted stock
Key Terms
restricted stock, tax withholding requirement, Form 4
3 terms
restricted stock financial
"Shares automatically and mandatorily withheld to satisfy the tax withholding requirement upon the vesting of restricted stock"
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.
tax withholding requirement financial
"automatically and mandatorily withheld to satisfy the tax withholding requirement upon the vesting"
Form 4 regulatory
"The PHINIA (PHIN) Form 4 transaction was a tax withholding event"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did PHINIA INC. (PHIN) disclose for Todd L. Anderson?
PHINIA INC. disclosed that VP and Chief Technology Officer Todd L. Anderson had 1,289 common shares automatically and mandatorily withheld on 2026-08-28 to satisfy tax withholding obligations upon the vesting of restricted stock.
Was the PHINIA (PHIN) Form 4 transaction an open-market sale or a tax withholding?
The Form 4 transaction was a tax withholding event, not an open-market sale. 1,289 shares of common stock were automatically and mandatorily withheld to satisfy tax withholding requirements upon the vesting of restricted stock.
Does the PHINIA (PHIN) Form 4 indicate use of a Rule 10b5-1 trading plan?
No. The document-level Rule 10b5-1 checkbox is not affirmed (set to false), and the footnotes describe the transaction as automatic tax withholding upon vesting of restricted stock, not as trades under a 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.