Norman Daun 4
4 · PHINIA INC. · Filed May 27, 2026
Research Summary
AI-generated summary of this filing
PHINIA (PHIN) Director Norman Daun Receives Stock Award
What Happened
Norman Daun, a director of PHINIA Inc., was granted 2,140 restricted shares and 836 deferred restricted stock units (DRSUs) on May 22, 2026. The filing reports the DRSUs at $74.80 each (836 × $74.80 = $62,533). Both the restricted shares and the DRSUs vest on May 22, 2027. This is an award/grant (director compensation), not a market purchase or sale.
Key Details
- Transaction date: May 22, 2026. Form 4 filed May 27, 2026. Because May 25 was a federal holiday (Memorial Day), the filing was within the two-business-day Section 16 deadline.
- Grants reported:
- 2,140 restricted shares @ $0.00 (annual grant to independent directors; vests 5/22/2027).
- 836 DRSUs @ $74.80 each; total reported value $62,533 (DRSUs are derivative awards).
- Shares owned after transaction: Not disclosed in this filing.
- Footnotes: F1 = annual restricted stock grant to independent directors (vests 5/22/2027). F2 = confirms the 2,140 restricted shares. F3 = DRSUs were elected in lieu of cash retainer, are economically equivalent to one share each, will vest 5/22/2027 and settle into shares (including dividend equivalents) upon termination of board service per the company plans.
Context
Restricted stock and DRSU grants are routine non-cash compensation for directors and do not by themselves indicate buying or selling intent. DRSUs are derivative awards that convert into actual shares under plan terms (typically upon vesting and/or termination of service).
Insider Transaction Report
- Award
Common Stock
[F1][F2]2026-05-22+2,140→ 22,063 total - Award
Deferred Restricted Stock Units
[F3]2026-05-22$74.80/sh+836$62,533→ 836 total→ Common Stock (836 underlying)
Footnotes (3)
- [F1]Represents an annual grant of restricted stock to independent directors. The shares will vest on May 22, 2027.
- [F2]Includes 2,140 shares of restricted stock.
- [F3]Represents deferred restricted stock units ("DRSUs") that the reporting person elected to receive in lieu of the annual non-employee director cash retainer. Each DRSU is the economic equivalent of one share of PHINIA Inc. common stock and will vest on May 22, 2027. These DRSUs will settle into an equal number of shares of the issuer's common stock, including any additional DRSUs acquired as a result of dividend equivalents that have vested, upon the reporting person's termination of board service pursuant to the issuer's Director Deferred Compensation Program and 2023 Stock Incentive Plan.