PHINIA (PHIN) director converts 8,551 deferred stock units into common shares
Rhea-AI Filing Summary
PHINIA INC. director Rohan Weerasinghe reported an equity compensation-related transaction involving deferred units and common stock. On May 21, 2026, he acquired 8,551 shares of common stock at a stated price of $0.00 per share through the exercise or conversion of deferred restricted stock units (DRSUs).
Following the transaction, his direct holdings of PHINIA common stock increased to 31,237 shares. In addition, 12 shares are held indirectly in a managed account. The filing characterizes the DRSUs as the economic equivalent of common stock that vest and settle in shares in connection with his service as a director under the company’s deferred compensation and stock incentive plans.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 8,551 shares
Net Buy
3 txns
Insider
Weerasinghe Rohan
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Deferred Restricted Stock Units | 8,551 | $0.00 | $0.00 |
| Exercise | Common Stock | 8,551 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Deferred Restricted Stock Units — 0 shares (Direct);
Common Stock — 31,237 shares (Direct);
Common Stock — 12 shares (Indirect, By Managed Account)
Footnotes (2)
- F1. Each deferred restricted stock unit ("DRSU") is the economic equivalent of one share of PHINIA Inc. common stock. The DRSUs vested on May 21, 2026. 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. Includes 8,551 DRSUs that have vested and will settle upon the reporting person's termination of board service.
Key Figures
DRSUs exercised: 8,551 units
Common shares acquired: 8,551 shares
Direct holdings after transaction: 31,237 shares
+2 more
5 metrics
DRSUs exercised
8,551 units
Deferred restricted stock units converted to common stock on May 21, 2026
Common shares acquired
8,551 shares
Common stock received at $0.00 per share from DRSU exercise
Direct holdings after transaction
31,237 shares
Common stock directly owned following Form 4 transactions
Indirect holdings after transaction
12 shares
Common stock held indirectly via managed account
Exercise price per share
$0.00 per share
Reported price for common stock received from DRSU exercise
Key Terms
Deferred Restricted Stock Units, Director Deferred Compensation Program, 2023 Stock Incentive Plan, managed account
4 terms
Deferred Restricted Stock Units financial
"The filing lists "Deferred Restricted Stock Units" as a derivative security title."
Deferred restricted stock units are promises by a company to give employees or executives company shares at a future date, subject to conditions like continued employment or performance targets; the delivery and tax event are intentionally delayed. They matter to investors because they affect when new shares may be issued and how executives are motivated—like a paycheck held in escrow that vests over time, influencing potential share dilution and management behavior.
Director Deferred Compensation Program financial
"The DRSUs will settle pursuant to the issuer's Director Deferred Compensation Program."
A director deferred compensation program is an arrangement that lets a company delay paying part of a board member’s fees or bonuses until a future date, often at retirement or after leaving the board. It matters to investors because it affects a company’s long‑term cash commitments and executive incentives—like a timed savings plan that can align directors’ decisions with the company’s future performance while creating future liabilities on the balance sheet.
2023 Stock Incentive Plan financial
"Settlement occurs under the issuer's Director Deferred Compensation Program and 2023 Stock Incentive Plan."
managed account financial
"An indirect holding of 12 shares is reported as "By Managed Account"."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did PHINIA (PHIN) director Rohan Weerasinghe report?
He reported an equity compensation event where 8,551 deferred restricted stock units were exercised or converted into 8,551 shares of PHINIA common stock at a stated price of $0.00 per share. This reflects settlement of previously granted director compensation units.
What are deferred restricted stock units (DRSUs) in the PHINIA (PHIN) filing?
PHINIA’s DRSUs are described as the economic equivalent of one share of common stock. They vest on specified dates and then settle into an equal number of common shares, including dividend-equivalent units, generally upon the director’s termination of board service under company plans.
Did the PHINIA (PHIN) Form 4 show any open-market stock purchases or sales?
The Form 4 does not report any open-market purchases or sales. It describes an exercise or conversion of 8,551 deferred restricted stock units into common stock, with no transaction code indicating a market buy or sell and a reported price of $0.00 per share.
Which PHINIA (PHIN) plans govern the reported DRSUs for Rohan Weerasinghe?
The footnotes state that the deferred restricted stock units are granted and administered under PHINIA’s Director Deferred Compensation Program and its 2023 Stock Incentive Plan. These programs define vesting, settlement into common stock, and treatment of dividend-equivalent units for directors.