PHINIA (PHIN) VP’s 2,218 shares withheld to cover tax on equity vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PHINIA INC. executive Neto de Abreu Pedro Rui, VP and Chief Strategy Officer, reported an automatic share disposition related to equity award vesting. On the transaction date, 2,218 shares of common stock were automatically and mandatorily withheld at $72.63 per share to satisfy tax withholding requirements upon the vesting of restricted stock units and restricted stock. After this tax-withholding disposition, the executive directly owned 18,506 shares of common stock, which includes 3,049 shares of restricted stock and 5,283 restricted stock units. This was a tax-withholding disposition rather than an open-market sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Neto de Abreu Pedro Rui
Role
VP and Chief Strategy Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 2,218 | $72.63 | $161K |
Holdings After Transaction:
Common Stock — 18,506 shares (Direct)
Footnotes (1)
- Shares automatically and mandatorily withheld to satisfy the tax withholding requirement upon the vesting of restricted stock units and restricted stock. Includes 3,049 shares of restricted stock and 5,283 restricted stock units.
FAQ
What insider transaction did PHINIA (PHIN) report for Neto de Abreu Pedro Rui?
PHINIA reported an automatic tax-withholding disposition by VP and Chief Strategy Officer Neto de Abreu Pedro Rui. 2,218 common shares were withheld to cover taxes on vesting restricted stock and RSUs, rather than sold in the open market.
Was the PHINIA (PHIN) insider transaction an open-market sale?
No, the transaction was a tax-withholding disposition, not an open-market sale. Shares were automatically and mandatorily withheld to satisfy tax obligations when restricted stock and restricted stock units vested for the executive.
What does transaction code F mean in the PHINIA (PHIN) Form 4?
Transaction code F indicates payment of a tax liability or exercise price by delivering securities. In this case, it reflects shares automatically withheld to cover tax withholding upon vesting of restricted stock and restricted stock units.