Norman Daun 4
Research Summary
AI-generated summary
PHINIA (PHIN) Director Norman Daun Receives Award of 16 Shares
What Happened
- Norman Daun, a director of PHINIA Inc. (PHIN), was granted/received 16 shares on 2026-03-20. The shares were issued at $0.00 (no cash paid), so the reported transaction value is $0.
- The grant reflects restricted stock acquired through automatic reinvestment of dividends on existing restricted shares (per filing footnote).
Key Details
- Transaction date: 2026-03-20; Filing date (Form 4): 2026-03-24 (filed within required timeframe).
- Transaction type: Award/Acquisition (code A); 16 shares at $0.00.
- Reported value: $0 (shares issued as dividend reinvestment).
- Shares owned after transaction: the filing extract does not list a total; footnote F2 notes holdings include 3,367 shares of restricted stock.
- Footnotes: F1 — automatic dividend reinvestment produced these restricted shares; F2 — total holdings include 3,367 restricted shares.
Context
- This was not a market purchase or sale but an issuance tied to dividend reinvestment of existing restricted stock, a routine administrative issuance rather than an active buy/sell decision.
- Such small, dividend-reinvestment awards are common and generally not considered a strong signal of insider sentiment by themselves.