Coetzee Michael 4

What Happened
Michael Coetzee, Vice President and GM Fuel Systems Americas at PHINIA Inc. (PHIN), was credited with 43 shares as an award/acquisition on March 20, 2026. The shares were reported at $0.00 each (total reported value $0.00). The filing indicates these are restricted shares acquired through automatic reinvestment of dividends rather than an open-market purchase.

Key Details

• Transaction date: 2026-03-20; Form 4 filed: 2026-03-24. Filing appears timely (filed four days after the transaction date).
• Transaction type/code: A (Award/Grant or other acquisition); price: $0.00 per share.
• Shares acquired: 43 restricted shares.
• Shares owned after transaction: filing footnote F2 notes 8,968 restricted shares; combined with the 43-share award this implies 9,011 shares beneficially owned (based on the filing’s footnote context).
• Footnotes:
  • F1: These shares reflect restricted stock acquired via automatic dividend reinvestment on outstanding restricted stock held on the dividend record date.
  • F2: Includes 8,968 shares of restricted stock (see note above about implied total).
• No indication of a sale, 10b5-1 plan, tax withholding, or other derivative activity in this report.

Context
This was a dividend-reinvestment award of restricted stock, a routine administrative transaction that reflects reinvested dividends rather than a cash purchase or sale by the insider. Such automatic reinvestments are common and don’t necessarily signal a change in insider sentiment. For retail investors, purchases are often more informative about insider conviction; this award is primarily a reinvestment of dividends.