PHINIA (PHIN) director Robin Kendrick awarded 2,140 restricted shares in equity grant
Rhea-AI Filing Summary
Kendrick Robin reported acquisition or exercise transactions in this Form 4 filing.
PHINIA INC. director Robin Kendrick received an equity award of 2,140 shares of common stock as a grant on May 22, 2026. The award is in the form of restricted stock that will vest on May 22, 2027, reflecting routine compensation for an independent director.
After this grant, Kendrick directly holds 23,420 shares of PHINIA common stock, which include 2,140 restricted shares and 4,724 deferred restricted stock units that have vested and will settle upon termination of board service. An additional 15,794 shares are held indirectly through a trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 2,140 shares
Net Buy
2 txns
Insider
Kendrick Robin
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,140 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 23,420 shares (Direct);
Common Stock — 15,794 shares (Indirect, By Trust)
Footnotes (2)
- F1. Represents an annual grant of restricted stock to independent directors. The shares will vest on May 22, 2027.
- F2. Includes 2,140 shares of restricted stock and 4,724 deferred restricted stock units that have vested and will settle upon the reporting person's termination of board service.
Key Figures
Restricted stock grant: 2,140 shares
Grant price: $0.0000 per share
Direct holdings after grant: 23,420 shares
+3 more
6 metrics
Restricted stock grant
2,140 shares
Annual grant of restricted stock to independent director on May 22, 2026
Grant price
$0.0000 per share
Equity award with no cash purchase price
Direct holdings after grant
23,420 shares
Common stock directly owned after May 22, 2026 transaction
Indirect trust holdings
15,794 shares
Common stock held indirectly by trust as of May 22, 2026
Deferred restricted stock units
4,724 units
Vested units settling upon termination of board service
Vesting date for new grant
May 22, 2027
Vesting date for 2,140-share restricted stock award
Key Terms
restricted stock, independent directors, deferred restricted stock units, indirect
4 terms
restricted stock financial
"Represents an annual grant of restricted stock to independent directors."
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.
independent directors financial
"Represents an annual grant of restricted stock to independent directors."
Members of a company’s board who do not have significant business, family, or financial ties to the company and are not part of its management; they are chosen to provide impartial oversight of strategy, financial reporting, executive pay and risk. They matter to investors because independent directors act like an objective referee, helping ensure decisions favor shareholders’ long-term interests rather than insiders, which can strengthen trust and reduce the chance of mismanagement or conflicts of interest.
deferred restricted stock units financial
"Includes 2,140 shares of restricted stock and 4,724 deferred restricted stock units that have vested"
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.
indirect financial
"15,794.0000, I, By Trust, ownership_type indirect, ownership_code I"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did PHINIA (PHIN) director Robin Kendrick report in this Form 4?
Robin Kendrick reported receiving 2,140 shares of PHINIA common stock as a restricted stock grant. This is a compensation-related equity award to an independent director, not an open-market stock purchase or sale.
Is the PHINIA (PHIN) Form 4 transaction an open-market buy or sell?
The transaction is not an open-market buy or sell. It is recorded under code A, indicating a grant, award, or other acquisition of shares as part of director compensation rather than a discretionary market trade.
What indirect PHINIA (PHIN) holdings does Robin Kendrick report?
The filing shows 15,794 PHINIA common shares held indirectly by a trust. These trust-held shares are reported as indirect ownership, separate from Kendrick’s directly held and restricted stock positions.
What are deferred restricted stock units mentioned in the PHINIA (PHIN) filing?
Deferred restricted stock units are vested equity units that will settle into shares later. Kendrick’s holdings include 4,724 such units, already vested and scheduled to settle when board service with PHINIA ends.