Lipinski John 4

What Happened

• John Lipinski, Vice President and General Manager, Fuel Systems Europe at PHINIA Inc. (PHIN), was granted/acquired 41 shares of restricted stock on 2026-03-20 at $0.00 (transaction type: A — award/acquisition). The filing shows the shares were acquired through automatic reinvestment of dividends on outstanding restricted stock (Footnote F1). The reported cash cost for the transaction is $0.

Key Details

• Transaction date and type: 2026-03-20 — Award/Acquisition (code A).
• Price and value: 41 shares at $0.00; reported cash value $0 (reflects dividend reinvestment, not a market purchase).
• Ownership notes: The filing’s footnote F2 states it “includes 8,737 shares of restricted stock.” The filing does not list a separate total “shares owned after” line beyond that footnote.
• Footnotes: F1 explains the shares result from automatic dividend reinvestment on restricted stock held at the dividend record date. F2 flags 8,737 restricted shares included in holdings.
• Filing timeliness: Reported on 2026-03-24 for a 2026-03-20 transaction; the Form 4 was filed within the required two-business-day window.

Context

• These shares were issued as restricted stock via dividend reinvestment, an administrative grant rather than an open-market purchase or sale. Such reinvestment awards are common and don’t necessarily signal a change in insider sentiment. The $0 reported cost reflects the mechanics of reinvestment, not the market value of the shares. Retail investors should watch for patterns of insider buying or selling over time rather than single administrative awards.