PHINIA director granted additional stock via dividends
PHINIA Inc. director Norman Daun received additional equity-based compensation through dividend reinvestment.
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Form Type
4
Rhea-AI Filing Summary
PHINIA Inc. director Norman Daun received additional equity-based compensation through dividend reinvestment. He acquired 8 shares of restricted common stock at no cost via automatic dividend reinvestment, bringing his direct common stock holdings to 22,071 shares, including 2,148 restricted shares. He also received 3 Deferred Restricted Stock Units (DRSUs), increasing his DRSU balance to 839 units. Each DRSU equals one share of common stock, will vest on May 22, 2027, and will settle in shares after his board service ends, under PHINIA’s Director Deferred Compensation Program and 2023 Stock Incentive Plan.
Insider Trade Summary
Grant/Award: 11 shares
Grant/Award
2 txns
Insider
Norman Daun
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Restricted Stock Units | 3 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 8 | $0.00 | $0.00 |
Holdings After Transaction:
Deferred Restricted Stock Units — 839 contracts (Direct);
Common Stock — 22,071 shares (Direct)
Footnotes (4)
- F1. Reflects shares of restricted stock acquired following the automatic reinvestment of dividends on outstanding restricted stock held on the dividend record date, as required by the terms of such award.
- F2. Includes 2,148 shares of restricted stock.
- F3. Each deferred restricted stock unit ("DRSU") is the economic equivalent of one share of PHINIA Inc. common stock and will vest on May 22, 2027. 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.
- F4. 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.
Key Figures
Restricted stock acquired: 8 shares
Common stock holdings: 22,071 shares
Restricted stock included: 2,148 shares
+2 more
5 metrics
Restricted stock acquired
8 shares
Automatic dividend reinvestment on restricted stock
Common stock holdings
22,071 shares
Total direct common stock after transaction, includes restricted shares
Restricted stock included
2,148 shares
Restricted shares included in total common stock holdings
DRSUs acquired
3 units
Dividend equivalents on existing Deferred Restricted Stock Units
Total DRSU holdings
839 units
Deferred Restricted Stock Units after transaction, vesting May 22, 2027
Key Terms
Deferred Restricted Stock Units, dividend equivalents, Director Deferred Compensation Program, 2023 Stock Incentive Plan, +1 more
5 terms
Deferred Restricted Stock Units financial
"The security title is listed as "Deferred Restricted Stock Units" in one transaction."
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.
dividend equivalents financial
"Includes any additional DRSUs acquired as a result of dividend equivalents that have vested."
Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.
Director Deferred Compensation Program financial
"Settles upon termination of board service 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
"Awards are granted under the issuer's Director Deferred Compensation Program and 2023 Stock Incentive Plan."
restricted stock financial
"Reflects shares of restricted stock acquired following the automatic reinvestment of dividends."
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did PHINIA (PHIN) director Norman Daun report?
PHINIA director Norman Daun reported acquiring additional equity awards via dividend reinvestment. He received 8 shares of restricted common stock and 3 Deferred Restricted Stock Units (DRSUs) at no cost as part of existing award terms.
What are PHINIA (PHIN) Deferred Restricted Stock Units reported in this filing?
PHINIA Deferred Restricted Stock Units (DRSUs) are awards economically equivalent to one common share each. They vest on set dates and convert into shares after board service ends, following the Director Deferred Compensation Program and 2023 Stock Incentive Plan.
When do Norman Daun’s newly reported PHINIA (PHIN) DRSUs vest?
The newly reported PHINIA DRSUs for Norman Daun vest on May 22, 2027. Once vested, they will settle into an equal number of common shares upon the termination of his board service, consistent with PHINIA’s director compensation programs.
Were the PHINIA (PHIN) equity awards to Norman Daun market purchases?
No, the awards were not market purchases. The 8 restricted shares and 3 DRSUs were acquired automatically through dividend reinvestment and dividend equivalents, as required under the existing restricted stock and DRSU award terms.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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