Form 4: PHINIA Executive Michael Coetzee Increases Stake Through Restricted Stock Dividend Reinvestment

Michael Coetzee, PHINIA Inc.'s VP and GM Fuel Systems Americas, acquired 108 additional shares of common stock through the automatic reinvestment of dividends on his outstanding restricted stock.

Summary

• Michael Coetzee, the Vice President and General Manager of Fuel Systems Americas at PHINIA Inc. (PHIN), acquired 108 shares of PHINIA common stock on June 16, 2025.
• These shares were acquired at a price of $0, representing shares of restricted stock obtained through the automatic reinvestment of dividends on his existing restricted stock holdings, as required by the terms of such awards.
• Following this transaction, Mr. Coetzee's total beneficial ownership in PHINIA Inc. stands at 29,435 shares, which includes 17,314 shares of restricted stock and reinvested dividends.
• The filing also includes an Exhibit 24, a Power of Attorney dated June 18, 2025, authorizing Robert Boyle, Kelly Albin, and Kate Vandenberg of PHINIA Inc. to prepare and file documents required by Section 16 of the Securities Exchange Act of 1934 on behalf of Mr. Coetzee.

Sentiment

Score: 6

Explanation: The document is a routine, factual disclosure of an executive's equity acquisition through dividend reinvestment. It is neither significantly positive nor negative, representing a standard compensation event.

Positives

• The acquisition of shares through dividend reinvestment is a standard component of executive compensation, aligning the executive's financial interests with the long-term performance of the company.
• The executive's continued accumulation of shares, even through routine mechanisms, demonstrates ongoing equity ownership and commitment to the company's success.

Negatives

• No specific negative aspects are identified in this routine disclosure of an executive's equity acquisition via dividend reinvestment.

Future Outlook

NA

Management Comments

• "Reflects shares of restricted stock acquired following the automatic reinvestment of dividends on outstanding restricted stock held on the dividend record date, as required by the terms of such awards."

Industry Context

This is a routine insider transaction filing (Form 4) for an executive's equity compensation, which does not provide broader industry context or trends. It reflects standard executive compensation practices within publicly traded companies.

Corporate Governance

Stakeholder Impact

• Shareholders: The transaction is a routine part of executive compensation and dividend policy, aligning executive interests with shareholder value through equity ownership. It is unlikely to have a material direct impact on share price.

Next Steps

• Continued compliance with Section 16 of the Securities Exchange Act of 1934 for future transactions involving Michael Coetzee's equity and equity-related securities of PHINIA Inc.

Key Dates

Keywords

PHINIA Inc., PHIN, Michael Coetzee, Form 4, SEC Filing, Insider Transaction, Restricted Stock, Dividend Reinvestment, Executive Compensation, Equity Ownership