[Form 4] PHINIA INC. Insider Trading Activity
PHINIA Inc. director Rohan Weerasinghe reported transactions on 09/12/2025 affecting his holdings in PHIN (common stock). The filing discloses a sale of 22,686 shares of common stock and the acquisition of 39 deferred restricted stock units (DRSUs) that represent the economic equivalent of shares and will vest one year after grant. Following the reported transactions, the reporting person beneficially owns 8,471 shares of common stock directly and holds the newly acquired DRSUs that will convert to shares under the company's Director Deferred Compensation Program and 2023 Stock Incentive Plan.
The DRSUs include additional units from automatic dividend reinvestment on outstanding DRSUs. The report was signed by an attorney-in-fact on behalf of Mr. Weerasinghe on 09/16/2025. No derivative option exercises, warrants, or other convertible security transactions are reported in this filing.
- Director retains direct ownership of 8,471 common shares following the transactions, maintaining alignment with shareholders
- Acquisition of 39 DRSUs ties compensation to future share settlement and aligns director incentives with company performance
- Dividend reinvestment on DRSUs indicates automatic accumulation of additional deferred equity
- Sale of 22,686 common shares reduced the reporting person's direct holdings on 09/12/2025
- No information provided on total company float or percentage ownership, so the materiality of the sale to investors cannot be assessed from this filing alone
Insights
TL;DR: Routine insider activity: a director sold existing shares and acquired deferred restricted stock units tied to board compensation.
The Form 4 shows a director-level transaction consistent with compensation and routine portfolio management. The sale of 22,686 common shares reduces direct share ownership while the grant and automatic dividend reinvestment into 39 DRSUs increases deferred equity tied to board service and the issuer's compensation plan. Vesting of the DRSUs occurs one year after grant and settlement is linked to termination of board service, which aligns incentives with continued service. This filing does not indicate options, warrants, or other unusual derivatives.
TL;DR: Disclosure is informational and appears non-material to PHINIA's capital structure absent additional context on total outstanding shares.
The transactions reported are specific: a disposition of 22,686 shares on 09/12/2025 and acquisition of 39 DRSUs (with dividend reinvestment). The reporting person retains 8,471 shares directly post-transaction. Without context on PHINIA's total float or insider ownership percentages, these moves should be treated as routine insider activity rather than a signal of material change. The filing is properly executed by an attorney-in-fact and includes the required explanatory language about DRSU settlement and dividend reinvestment.