PHINIA (PHIN) director adds deferred stock units through dividend reinvestment
Rhea-AI Filing Summary
PHINIA Inc. director Newton Latondra reported a small equity-based compensation update. On March 20, 2026, Latondra acquired 16 Deferred Restricted Stock Units (DRSUs), each economically equivalent to one share of PHINIA common stock. These units were acquired through automatic dividend reinvestment on outstanding DRSUs.
The DRSUs will vest on the one-year anniversary of the grant date and will settle into an equal number of PHINIA common shares upon Latondra’s termination of board service under the company’s Director Deferred Compensation Program and 2023 Stock Incentive Plan. Following this transaction, Latondra holds 3,367 DRSUs and 16,556 shares of common stock directly, indicating a routine, compensation-related adjustment rather than an open-market trade.
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Insights
Routine dividend-based DRSU accrual, not a market trade.
Director Newton Latondra received 16 Deferred Restricted Stock Units tied to PHINIA common stock. Footnotes explain these units arise from automatic dividend reinvestment on existing DRSUs, making this a mechanical, plan-driven equity accrual.
The units vest after one year and settle into shares when board service ends, aligning director incentives with long-term shareholder outcomes. With post-transaction holdings of 3,367 DRSUs and 16,556 common shares, the size and nature of this award indicate a routine compensation update with limited signaling value for investors.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Restricted Stock Units | 16 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Each deferred restricted stock unit ("DRSU") is the economic equivalent of one share of PHINIA Inc. common stock and will vest on the one-year anniversary of the grant date. 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. Represents shares of DRSUs acquired following the automatic reinvestment of dividends on outstanding DRSUs held on the dividend record date, as required by the terms of such award.