Coetzee Michael 4

What Happened Michael Coetzee, Vice President and General Manager, Fuel Systems Americas at PHINIA Inc. (PHIN), was granted 1,632 shares of restricted common stock on February 9, 2026. The shares were reported as acquired at $0.00 (total reported value $0.00) — this is a compensation award, not an open-market purchase or sale.

Key Details

• Transaction type: Award/Grant (code A) on 2026-02-09; reported on Form 4 filed 2026-02-11 (timely filing).
• Shares granted: 1,632 restricted shares; reported acquisition price: $0.00; total reported value: $0.00.
• Vesting: Award vests in three substantially equal annual installments beginning February 28, 2027 (footnote F1).
• Holdings note: Filing footnote F2 indicates holdings "include 14,634 shares of restricted stock" (the form does not state a different total owned-after number).
• No indication of a sale, 10b5-1 plan, tax withholding, or cashless exercise in this filing.

Context Restricted stock awards are a form of compensation that typically vest over time and are not immediately tradable; they reflect pay structure rather than an immediate buy/sell decision. Because this was an award with a $0 acquisition price and scheduled vesting, it should be viewed as compensation disclosure rather than a direct bullish or bearish market signal.