PHINIA (PHIN) director reports 4,724 deferred stock units tied to shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PHINIA INC. director Kendrick Robin reported routine equity compensation activity involving deferred restricted stock units and common stock. The filing shows that Robin exercised or converted 4,724 Deferred Restricted Stock Units (DRSUs), each described as the economic equivalent of one share of PHINIA common stock.
Following these transactions, Robin is shown holding 21,280 shares of common stock directly and 15,794 shares indirectly through a trust. Footnotes explain that 4,724 DRSUs have vested and will settle into the same number of common shares when Robin’s board service ends, under PHINIA’s Director Deferred Compensation Program and 2023 Stock Incentive Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
4,724 shares exercised/converted
Mixed
3 txns
Insider
Kendrick Robin
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Deferred Restricted Stock Units | 4,724 | $0.00 | -- |
| Exercise | Common Stock | 4,724 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Deferred Restricted Stock Units — 0 shares (Direct, null);
Common Stock — 21,280 shares (Direct, null);
Common Stock — 15,794 shares (Indirect, By Trust)
Footnotes (1)
- Each deferred restricted stock unit ("DRSU") is the economic equivalent of one share of PHINIA Inc. common stock. The DRSUs vested on May 21, 2026. 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. Includes 4,724 DRSUs that have vested and will settle upon the reporting person's termination of board service.
Key Figures
DRSUs exercised/converted: 4,724 units
Direct common shares after transaction: 21,280 shares
Indirect common shares via trust: 15,794 shares
+1 more
4 metrics
DRSUs exercised/converted
4,724 units
Deferred Restricted Stock Units tied to common stock
Direct common shares after transaction
21,280 shares
Total direct holdings following Form 4 transactions
Indirect common shares via trust
15,794 shares
Held indirectly by trust after reported activity
Vested DRSUs
4,724 units
Will settle into common shares upon termination of board service
Key Terms
Deferred Restricted Stock Units, economic equivalent, Director Deferred Compensation Program, 2023 Stock Incentive Plan
4 terms
Deferred Restricted Stock Units financial
"Each deferred restricted stock unit ("DRSU") is the economic equivalent of one share of PHINIA Inc. common stock."
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.
economic equivalent financial
"Each deferred restricted stock unit ("DRSU") is the economic equivalent of one share of PHINIA Inc. common stock."
Director Deferred Compensation Program financial
"upon the reporting person's termination of board service pursuant to the issuer's Director Deferred Compensation Program and 2023 Stock Incentive Plan."
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
"termination of board service pursuant to the issuer's Director Deferred Compensation Program and 2023 Stock Incentive Plan."
FAQ
What insider activity did Kendrick Robin report at PHINIA (PHIN)?
Director Kendrick Robin reported equity compensation activity involving Deferred Restricted Stock Units. The Form 4 shows the exercise or conversion of 4,724 DRSUs, each tied to one PHINIA common share, and updated direct and indirect common stock holdings.
What are Deferred Restricted Stock Units (DRSUs) in PHINIA’s filing?
PHINIA’s DRSUs are described as the economic equivalent of one common share. In this case, 4,724 DRSUs vested on May 21, 2026 and will settle into the same number of common shares when the director’s board service ends, under the company’s compensation plans.
When will Kendrick Robin’s PHINIA DRSUs settle into common stock?
The vested PHINIA DRSUs will settle when Kendrick Robin’s board service terminates. The filing states that 4,724 vested DRSUs convert into an equal number of common shares upon termination of board service, under the Director Deferred Compensation Program and 2023 Stock Incentive Plan.
How many PHINIA DRSUs are referenced in Kendrick Robin’s Form 4?
The Form 4 references 4,724 Deferred Restricted Stock Units (DRSUs) for Kendrick Robin. These units vested on May 21, 2026 and are scheduled to settle into the same number of PHINIA common shares at the end of Robin’s board service.