Form 4: PHINIA Director Latondra Newton Increases Equity Holdings Through Dividend Reinvestment

PHINIA Inc. Director Latondra Newton reported an acquisition of 21 Deferred Restricted Stock Units (DRSUs) through dividend reinvestment, increasing her total beneficial ownership of DRSUs to 3,320, in addition to 16,556 shares of common stock.

Summary

• Latondra Newton, a Director of PHINIA Inc. (PHIN), filed a Form 4 statement detailing changes in her beneficial ownership.
• As of the filing, Ms. Newton beneficially owns 16,556 shares of PHINIA Common Stock directly.
• On June 16, 2025, Ms. Newton acquired 21 Deferred Restricted Stock Units (DRSUs) through the automatic reinvestment of dividends on her outstanding DRSUs.
• Each DRSU is economically equivalent to one share of PHINIA Inc. common stock.
• These DRSUs will vest on the one-year anniversary of the grant date (June 16, 2026) and will settle into an equal number of common shares upon termination of board service.
• Following this transaction, Ms. Newton's total beneficial ownership of DRSUs stands at 3,320 units.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive as a director's acquisition of additional equity, even if small and via dividend reinvestment, generally signals confidence in the company's future. However, the transaction size (21 DRSUs) is minor, limiting the overall positive impact.

Positives

• The acquisition of additional Deferred Restricted Stock Units (DRSUs) by a director, even through dividend reinvestment, indicates continued alignment of management's interests with those of shareholders.
• The director's total beneficial ownership of 16,556 common shares and 3,320 DRSUs demonstrates a significant equity stake in the company.

Stakeholder Impact

• Shareholders: The director's increased equity stake, albeit minor, aligns her interests more closely with those of shareholders, potentially signaling confidence in the company's long-term prospects.

Next Steps

• The Deferred Restricted Stock Units (DRSUs) acquired on June 16, 2025, are scheduled to vest on June 16, 2026.
• The DRSUs will settle into common stock upon the reporting person's termination of board service.

Key Dates

Keywords

PHINIA Inc., PHIN, SEC Form 4, Insider Transaction, Director, Equity Holdings, Deferred Restricted Stock Units, DRSUs, Common Stock, Dividend Reinvestment, Latondra Newton