PHINIA (PHIN) director adds 22 deferred RSUs, holds over 32K shares
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Kendrick Robin
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Restricted Stock Units | 22 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Deferred Restricted Stock Units — 4,724 shares (Direct);
Common Stock — 16,556 shares (Direct);
Common Stock — 15,794 shares (Indirect, By Trust)
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.
FAQ
What insider transaction did PHINIA (PHIN) director Robin Kendrick report?
Robin Kendrick reported receiving 22 Deferred Restricted Stock Units from PHINIA. These units were acquired through automatic reinvestment of dividends on existing awards and increase his deferred equity compensation while leaving his direct and indirect common share holdings otherwise unchanged.
How do PHINIA (PHIN) Deferred Restricted Stock Units work for directors?
Each PHINIA Deferred Restricted Stock Unit is economically equivalent to one common share. The units vest one year after grant and settle into an equal number of common shares when the director’s board service ends, under the Director Deferred Compensation Program and 2023 Stock Incentive Plan.
When will Robin Kendrick’s new PHINIA (PHIN) DRSUs vest and settle?
The 22 Deferred Restricted Stock Units granted to Robin Kendrick vest on the one-year anniversary of the grant date. They will settle into an equal number of PHINIA common shares upon his termination of board service, consistent with the company’s director compensation programs.
What triggered the 22 new PHINIA (PHIN) DRSUs for Robin Kendrick?
The 22 new Deferred Restricted Stock Units reflect automatic reinvestment of dividends on outstanding DRSUs held on the dividend record date. This mechanism increases Kendrick’s deferred equity position without an open-market purchase or sale of PHINIA common stock.
What are Robin Kendrick’s PHINIA (PHIN) holdings after this Form 4?
After the reported transactions, Robin Kendrick holds 4,724 Deferred Restricted Stock Units, 16,556 PHINIA common shares directly, and 15,794 common shares indirectly through a trust. These figures show his combined direct and indirect equity exposure to PHINIA as of the transaction date.