Form 4: PHINIA VP Sells Shares for Tax Withholding

PHINIA Inc.'s VP and GM of Fuel Systems Americas, Michael Coetzee, disposed of 1,268 shares of common stock at $58.48 to cover tax obligations from restricted stock vesting.

Summary

• Michael Coetzee, VP and GM Fuel Syst. Americas at PHINIA INC. (PHIN), reported a transaction under a Rule 10b5-1 plan.
• On August 29, 2025, 1,268 shares of common stock were disposed of.
• The shares were disposed of at a price of $58.48 per share.
• This disposition was an automatic and mandatory withholding for tax purposes upon the vesting of restricted stock.
• Following the transaction, Michael Coetzee beneficially owns 28,167 shares of PHINIA common stock, which includes 12,881 shares of restricted stock.

Sentiment

Score: 5

Explanation: The transaction is a routine, non-discretionary sale for tax withholding purposes upon restricted stock vesting, executed under a 10b5-1 plan. This is a neutral event and does not indicate a change in management's confidence or company performance.

Positives

• Vesting of restricted stock indicates continued employment and achievement of performance conditions, if any, for the executive.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine, non-discretionary tax-related sale, not a discretionary sale indicating a change in executive confidence.

Key Dates

Recommendation

The filing details a routine, non-discretionary sale of shares by an executive to cover tax obligations upon the vesting of restricted stock, executed under a Rule 10b5-1 plan. This type of transaction is common and does not typically signal a change in management's outlook or confidence in the company. Therefore, it does not warrant a change in investment recommendation based solely on this filing.

Keywords

PHINIA, PHIN, Michael Coetzee, Form 4, insider transaction, stock sale, tax withholding, restricted stock, 10b5-1 plan