Coetzee Michael 4

What Happened Michael Coetzee, Vice President and General Manager, Fuel Systems Americas at PHINIA Inc. (PHIN), was credited with 33 shares as an award/acquisition (code A) on 2026-06-23. The reported acquisition price was $0.00 (total value $0), and the Form 4 was filed on 2026-06-25. The filing indicates these shares are restricted stock resulting from automatic dividend reinvestment rather than an open-market purchase.

Key Details

• Transaction date and type: 2026-06-23 — Award/Grant (A) of 33 shares at $0.00.
• Reported value: $0 (shares acquired via dividend reinvestment).
• Filing date: 2026-06-25 (filed promptly following the transaction).
• Shares owned after transaction: not explicitly stated in the summary provided; filing footnote notes ownership "includes 9,001 shares of restricted stock" (Footnote F2).
• Notable footnotes:
  • F1: These 33 shares reflect restricted stock acquired through automatic dividend reinvestment on restricted shares held on the dividend record date.
  • F2: Ownership reported in the filing includes 9,001 restricted shares.
• No indication this was a sale, option exercise, gift, or tax-withholding event.

Context This was not a cash purchase but an automatic reinvestment that increased Coetzee’s restricted holdings by 33 shares; such dividend reinvestment awards are routine and do not necessarily signal a change in insider sentiment. Restricted shares may be subject to vesting or transfer restrictions, so they may not be freely tradable immediately.