PHINIA (PHIN) CEO Ericson Brady D Sells Shares

What Happened

• Ericson Brady D, President & CEO and a director of PHINIA, reported disposals totaling 59,055 shares for roughly $4,046,990. The transactions consisted of (1) 31,195 shares withheld to satisfy tax on vesting restricted stock (treated as a disposition) on 2026-08-28 for $68.65/share ($2,141,537), and (2) open-market sales on 2026-08-31 of 940 shares at a weighted avg ~$68.03 ($63,950) and 26,920 shares at a weighted avg ~$68.41 ($1,841,503).

• These were sales/dispositions (not purchases). The 31,195-share item was a withholding to cover taxes upon vesting of restricted stock (i.e., not a market sell initiated for investment reasons); the other two were open-market sales.

Key Details

• Transaction dates & prices:
  • 2026-08-28: 31,195 shares withheld @ $68.65 = $2,141,537 (tax withholding on vested restricted stock; code F).
  • 2026-08-31: 940 shares sold in the open market @ weighted avg $68.03 (range $67.98–$68.06) = $63,950 (see footnote F2).
  • 2026-08-31: 26,920 shares sold in the open market @ weighted avg $68.41 (range $68.125–$69.06) = $1,841,503 (see footnote F3).
• Total disposed: 59,055 shares for ~$4.05 million.
• Holdings note: Filing footnote indicates inclusion of 69,122 shares of restricted stock (F4). The Form 4 lists beneficial ownership details; the prompt-provided summary highlights the restricted-share component.
• Footnotes: F1 = mandatory withholding to satisfy taxes on vesting restricted stock; F2/F3 = sales reported as weighted averages with price ranges; Exhibit 24 (Power of Attorney) attached to filing.
• Timeliness: The Form 4 was filed on 2026-09-01 for transactions on 2026-08-28 and 2026-08-31 — filed within the required two business days (timely).

Context

• The 31,195-share disposition was a tax-withholding event tied to restricted stock vesting (common and administrative), not necessarily a signal of personal bearishness. The August 31 trades were outright open-market sales.
• For retail investors, purchases tell more about insider conviction than routine tax-withholdings. These filings are informational and do not, by themselves, indicate company performance.