PHINIA (PHIN) CEO has 17,901 shares withheld to cover tax obligations
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PHINIA INC. President and CEO Brady D. Ericson reported a Form 4 showing a tax-related share disposition. On the vesting of restricted stock, 17,901 shares of common stock were automatically withheld at $72.63 per share to cover tax obligations. After this withholding, Ericson directly owns 388,361 common shares, which includes 139,536 shares of restricted stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Ericson Brady D
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 17,901 | $72.63 | $1.30M |
Holdings After Transaction:
Common Stock — 388,361 shares (Direct)
Footnotes (1)
- Shares automatically and mandatorily withheld to satisfy the tax withholding requirement upon the vesting of restricted stock. Includes 139,536 shares of restricted stock.
FAQ
What insider transaction did PHINIA (PHIN) report for Brady D. Ericson?
PHINIA reported a Form 4 for President and CEO Brady D. Ericson showing a tax-withholding disposition of 17,901 shares of common stock. The shares were automatically withheld upon restricted stock vesting to satisfy tax obligations, rather than sold in an open-market transaction.
Does the PHINIA (PHIN) Form 4 indicate an open-market sale by the CEO?
No, the Form 4 indicates a tax-withholding disposition, not an open-market sale. The 17,901 shares were automatically withheld to cover taxes upon restricted stock vesting, meaning the transaction was tied to compensation and tax obligations rather than discretionary selling activity.
What type of transaction code appears in the PHINIA (PHIN) Form 4 filing?
The Form 4 uses transaction code “F,” which denotes payment of a tax liability by delivering securities. In this case, 17,901 PHINIA common shares were withheld automatically upon restricted stock vesting to satisfy tax withholding obligations for President and CEO Brady D. Ericson.