Newton Latondra 4
4 · PHINIA INC. · Filed Jun 25, 2026
Research Summary
AI-generated summary of this filing
PHINIA Director Newton Latondra Receives 21 DRSUs
What Happened
Newton Latondra, a director of PHINIA Inc. (PHIN), was awarded a total of 21 deferred restricted stock units (DRSUs) on June 23, 2026. The Form 4 reports two entries: 13 shares acquired at $0.00 and 8 derivative shares acquired at $0.00 (total economic equivalent of 21 shares; total cash paid $0). These were reported as awards (transaction code A), not open-market purchases or sales.
Key Details
- Transaction date: 2026-06-23; Form 4 filed 2026-06-25 (timely filing).
- Prices: $0.00 per unit (typical for equity awards); total cash value reported $0 at grant.
- Units: 13 DRSUs (noted as acquired following automatic dividend reinvestment) and 8 derivative DRSUs — 21 DRSUs total.
- Vesting/settlement: Each DRSU vests on May 22, 2027 and will settle into one share of common stock upon the reporting person's termination of board service per the Director Deferred Compensation Program and the 2023 Stock Incentive Plan.
- Additional note in filing: Includes 3,380 DRSUs that have already vested and will settle upon termination of board service.
- Shares owned after the transaction: not specified in the Form 4 beyond the vested-DRSU note above.
Context
DRSUs are deferred equity awards that are the economic equivalent of shares but typically do not convey immediate voting rights; they settle into common stock later (here, upon vesting and termination of board service). This transaction is an award/compensation event (not a buy or sell) and therefore is common for insiders receiving director compensation rather than a direct signal of immediate market sentiment.
Insider Transaction Report
- Award
Common Stock
[F1][F2]2026-06-23+13→ 19,936 total - Award
Deferred Restricted Stock Units
[F3][F1]2026-06-23+8→ 2,148 total→ Common Stock (8 underlying)
Footnotes (3)
- [F1]Represents shares of deferred restricted stock units ("DRSUs") acquired following the automatic reinvestment of dividends on outstanding DRSUs held on the dividend record date, as required by the terms of such awards.
- [F2]Includes 3,380 DRSUs that have vested and will settle upon the reporting person's termination of board service.
- [F3]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.