Norman Daun 4
4 · PHINIA INC. · Filed Jun 25, 2026
Research Summary
AI-generated summary of this filing
PHINIA (PHIN) Director Norman Daun Receives Award
What Happened
Norman Daun, a director of PHINIA Inc., received awards on June 23, 2026: 8 restricted shares (awarded at $0.00) and 3 deferred restricted stock units (DRSUs, derivative award) also recorded at $0.00. Both transactions are grants/awards (code A) and show no cash paid by the insider (total reported value $0).
Key Details
- Transaction dates/prices: June 23, 2026 — 8 shares @ $0.00 (restricted stock); 3 shares @ $0.00 (DRSUs/derivative).
- Total shares in these transactions: 11 shares (8 restricted shares + 3 DRSUs). Reported aggregate value: $0.
- Holdings note: the filing references holdings that include 2,148 shares of restricted stock (see footnote F2).
- Footnotes of interest:
- F1/F4: the restricted shares and DRSUs reflect automatic dividend reinvestment on outstanding awards.
- F3: each DRSU is economically equivalent to one share, vests May 22, 2027, and will settle into shares upon the director’s termination of board service per the 2023 Stock Incentive Plan and Director Deferred Compensation Program.
- Filing: Reported on Form 4 filed June 25, 2026 for a June 23 transaction (filed within the typical 2‑business‑day window).
Context
These entries are award-type grants, not open-market purchases or sales. Awards and dividend reinvestments are common compensation/plan mechanics for directors and do not by themselves indicate buying or selling sentiment. The DRSUs are deferred compensation that will convert to shares under plan terms (vesting date May 22, 2027 and settlement on termination), so they are not immediately tradable stock.
Insider Transaction Report
- Award
Common Stock
[F1][F2]2026-06-23+8→ 22,071 total - Award
Deferred Restricted Stock Units
[F3][F4]2026-06-23+3→ 839 total→ Common Stock (3 underlying)
Footnotes (4)
- [F1]Reflects shares of restricted stock acquired following the automatic reinvestment of dividends on outstanding restricted stock held on the dividend record date, as required by the terms of such award.
- [F2]Includes 2,148 shares of restricted stock.
- [F3]Each deferred restricted stock unit ("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.
- [F4]Represents shares of DRSUs acquired following the automatic reinvestment of dividends on outstanding DRSUs held on the dividend record date, as required by the terms of such award.