PHINIA director awarded 22 deferred stock units
PHINIA INC. director Robin Kendrick received a grant of 22 Deferred Restricted Stock Units (DRSUs), each economically equivalent to one share of common stock.
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Rhea-AI Filing Summary
PHINIA INC. director Robin Kendrick received a grant of 22 Deferred Restricted Stock Units (DRSUs), each economically equivalent to one share of common stock. These DRSUs vest on the one-year anniversary of the grant date and will convert into common shares upon the end of board service under PHINIA’s Director Deferred Compensation Program and 2023 Stock Incentive Plan. The award resulted from automatic reinvestment of dividends on outstanding DRSUs. Following this grant, Kendrick holds 4,724 DRSUs, 16,556 shares of common stock directly, and 15,794 shares indirectly through a trust.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Restricted Stock Units | 22 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (2)
- F1. 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.
- F2. 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did PHINIA (PHIN) director Robin Kendrick report?
How do PHINIA (PHIN) Deferred Restricted Stock Units work for directors?
When will Robin Kendrick’s new PHINIA (PHIN) DRSUs vest and settle?
What triggered the 22 new PHINIA (PHIN) DRSUs for Robin Kendrick?
What are Robin Kendrick’s PHINIA (PHIN) holdings after this Form 4?
AI-generated analysis. How Rhea-AI works. Not financial advice.