PHINIA (NYSE: PHIN) CFO receives new restricted stock grants
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Gropp Chris P reported acquisition or exercise transactions in this Form 4 filing.
PHINIA Inc. reported that Senior Vice President and CFO Chris P. Gropp received awards of its common stock on February 9, 2026. He was granted 5,658 shares of restricted stock directly and 653 shares indirectly through his spouse, both at a price of $0 per share.
The restricted stock granted will vest in three substantially equal annual installments beginning on February 28, 2027. After these transactions, he directly holds 67,073 shares, including 41,407 restricted shares, and indirectly holds 4,570 shares through his spouse, including 3,593 restricted shares, while disclaiming beneficial ownership of the spouse-held shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Gropp Chris P
Role
Senior Vice President and CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 5,658 | $0.00 | -- |
| Grant/Award | Common Stock | 653 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 67,073 shares (Direct);
Common Stock — 4,570 shares (Indirect, By spouse)
Footnotes (1)
- Represents an award of restricted stock with respect to the Issuer's common stock, which will vest in three substantially equal annual installments beginning February 28, 2027. Includes 41,407 shares of restricted stock. Includes 3,593 shares of restricted stock. The reporting person disclaims beneficial ownership of these securities, and the filing of this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.
FAQ
What insider transaction did PHINIA (PHIN) disclose for CFO Chris P. Gropp?
PHINIA disclosed that Senior Vice President and CFO Chris P. Gropp received grants of common stock on February 9, 2026. He was awarded 5,658 restricted shares directly and 653 restricted shares indirectly through his spouse, all at a grant price of $0 per share.
How do the PHINIA (PHIN) restricted stock awards to the CFO vest?
The restricted stock awards to PHINIA’s CFO vest in three substantially equal annual installments. Vesting begins on February 28, 2027, meaning the total grant will be released to him in stages over three years, subject to the award’s continued-vesting conditions.
What is the nature of the indirect PHINIA (PHIN) ownership reported for the CFO?
The Form 4 reports 4,570 PHINIA shares as indirectly owned by the CFO through his spouse. This includes 3,593 restricted shares. The filing states that he disclaims beneficial ownership of these securities, meaning they are reported but not treated as his personal beneficial holdings.
Was the PHINIA (PHIN) CFO’s stock grant an open-market purchase or a compensation award?
The transaction is classified as a grant or award acquisition, not an open-market purchase. The shares were issued at a price of $0 per share, indicating equity-based compensation rather than a cash-funded buy in the market.
What transaction code was used for the PHINIA (PHIN) CFO’s stock awards?
The transactions use code “A,” which denotes a grant, award, or other acquisition of securities. This confirms the shares were provided as part of a compensation or award arrangement rather than being bought or sold on the open market.