Form 4: PHINIA VP Sells Stock for Tax Obligations

PHINIA's VP, GC, and Secretary, Robert Boyle, disposed of 2,814 shares of common stock to cover tax withholding upon restricted stock vesting.

Summary

• Robert Boyle, PHINIA INC.'s VP, General Counsel, and Secretary, reported a transaction involving the company's common stock.
• On August 29, 2025, 2,814 shares of PHINIA Common Stock were disposed of.
• This disposition was an automatic and mandatory withholding of shares to satisfy tax obligations upon the vesting of restricted stock.
• The shares were valued at $58.48 per share for the purpose of this transaction.
• Following this reported transaction, Robert Boyle beneficially owns 34,624 shares of PHINIA, which includes 18,653 shares of restricted stock.

Sentiment

Score: 5

Explanation: The transaction is a routine, non-discretionary event for tax compliance related to restricted stock vesting, indicating neither a positive nor negative discretionary action by the insider.

Positives

• The transaction is a routine, non-discretionary event for tax compliance related to restricted stock vesting, indicating adherence to compensation agreements.

Negatives

• A reduction of 2,814 shares in direct beneficial ownership by a key executive, although for tax purposes.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: The transaction represents a minor reduction in direct insider ownership, which is a routine event for tax compliance and not indicative of a change in company fundamentals.
• Employees: This transaction reflects standard executive compensation practices involving restricted stock vesting and associated tax obligations.

Key Dates

Recommendation

This Form 4 reports a routine, non-discretionary sale of shares by an executive to cover tax obligations upon restricted stock vesting. Such transactions are common and do not typically reflect a change in the executive's confidence in the company or its future prospects, thus not warranting a change in investment recommendation based solely on this filing.

Keywords

PHINIA, PHIN, Robert Boyle, Form 4, insider transaction, stock sale, tax withholding, restricted stock