Ericson Brady D 4
Research Summary
AI-generated summary
PHINIA CEO Ericson Brady Receives 523-Share Award
What Happened
Ericson Brady D, President, CEO and Director of PHINIA Inc. (PHIN), was credited with 523 shares on June 23, 2026. The Form 4 lists the transaction as an award/other acquisition (code A) at $0.00 per share (total reported acquisition value $0). The filing indicates these are restricted shares.
Key Details
- Transaction date and type: 2026-06-23 — Award/other acquisition (A) of 523 restricted shares.
- Price: $0.00 per share; total reported acquisition value $0.
- Shares owned after transaction: the provided filing data does not list a full aggregate post-transaction total; the filing notes (F2) “Includes 140,727 shares of restricted stock.”
- Footnotes: F1 states these shares reflect automatic reinvestment of dividends on outstanding restricted stock per the award terms; F2 notes inclusion of 140,727 restricted shares in holdings.
- Filing timing: Report filed 2026-06-25 (appears timely for a Form 4 covering 2026-06-23).
Context
This was not a market purchase or sale but an automatic dividend reinvestment that converted dividend payments into additional restricted shares under existing awards. Such transactions are administrative and do not necessarily reflect a deliberate buy/sell decision by the insider; restricted shares are often subject to vesting and award terms.