PHINIA officer has 1,877 shares withheld for taxes
Rhea-AI Filing Summary
PHINIA INC. (PHIN) reported that officer Neto de Abreu Pedro Rui, President, Power Systems, had 1,877 shares of common stock automatically withheld on 2026-08-28 to satisfy tax withholding upon vesting of restricted stock units, at a reference price of $68.65 per share. Following this tax-withholding disposition, he holds 16,701 shares directly, including 3,075 shares of restricted stock and 1,420 restricted stock units.
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Insights
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Insider Trade Summary
Net Seller: 1,877 shares
Net Sell
1 txn
Insider
Neto de Abreu Pedro Rui
Role
President, Power Systems
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1, F2 | 1,877 | $68.65 | $129K |
Holdings After Transaction:
Common Stock — 16,701 shares (Direct)
Footnotes (2)
- F1. Shares automatically and mandatorily withheld to satisfy the tax withholding requirement upon the vesting of restricted stock units.
- F2. Includes 3,075 shares of restricted stock and 1,420 restricted stock units.
Key Figures
Shares withheld for taxes: 1,877 shares
Transaction price per share: $68.65 per share
Shares owned after transaction: 16,701 shares
+2 more
5 metrics
Shares withheld for taxes
1,877 shares
Common stock automatically withheld on 2026-08-28 for tax withholding on RSU vesting
Transaction price per share
$68.65 per share
Reference price used for the 1,877-share tax-withholding disposition
Shares owned after transaction
16,701 shares
Direct common stock holdings following the 2026-08-28 transaction
Restricted stock included
3,075 shares
Restricted stock included within post-transaction holdings
Restricted stock units included
1,420 units
Restricted stock units included within post-transaction holdings
Key Terms
restricted stock units, restricted stock, tax withholding, Power of Attorney
4 terms
restricted stock units financial
"tax withholding requirement upon the vesting of restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
restricted stock financial
"Includes 3,075 shares of restricted stock and 1,420 restricted stock units"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
tax withholding financial
"withheld to satisfy the tax withholding requirement upon the vesting"
Tax withholding is the practice of taking a portion of a payment—such as wages, dividends, or sale proceeds—before it reaches the recipient and sending that portion to the tax authority as an advance on the recipient’s eventual tax bill. For investors it matters because withholding reduces immediate cash received and affects after‑tax returns, estimated tax payments, and whether you may owe more or receive a refund when taxes are finally calculated, like having a small automatic savings set aside for your tax bill.
Power of Attorney regulatory
"Power of Attorney is attached hereto as Exhibit 24."
A power of attorney is a legal document that allows one person to make decisions and act on behalf of another person, often in financial or legal matters. It’s like giving someone a trusted helper or agent the authority to handle important tasks if you are unable to do so yourself. This matters to investors because it can impact how their assets are managed or transferred if they become unable to oversee their affairs.
FAQ
What insider transaction did PHIN:PHIN report for Neto de Abreu Pedro Rui?
PHINIA INC. reported that officer Neto de Abreu Pedro Rui had 1,877 shares of common stock withheld on 2026-08-28 to satisfy tax withholding upon vesting of restricted stock units, coded as a tax-liability payment (transaction code F).
Was the PHIN Form 4 transaction a market sale or a tax withholding?
The Form 4 describes a tax-withholding disposition, not an open-market sale. 1,877 shares were automatically and mandatorily withheld to satisfy tax obligations upon RSU vesting.
Is the PHIN insider transaction under a Rule 10b5-1 trading plan?
No. The filing’s 10b5-1 checkbox is not marked as true, and there is no footnote indicating that the 1,877-share withholding transaction occurred under a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.