PHINIA (PHIN) VP/CTO Todd Anderson Shares Withheld for Taxes

What Happened Todd L. Anderson, VP and Chief Technology Officer of PHINIA Inc. (PHIN), had 1,289 shares disposed (withheld) to satisfy tax withholding obligations upon the vesting of restricted stock. The shares were valued at $68.65 each, for a total of approximately $88,490. This was a tax-withholding disposition (not an open-market sale).

Key Details

• Transaction date: 2026-08-28; price per share: $68.65; total value: ~$88,490.
• Transaction type: F (shares automatically/mandatorily withheld to satisfy tax withholding on vested restricted stock).
• Shares owned after the transaction: Not specified in the filing.
• Footnotes: F1 explains shares were withheld to satisfy tax withholding; F2 notes the insider’s holdings include 4,275 shares of restricted stock.
• Filing: Form 4 filed 2026-09-01 for the 2026-08-28 transaction (filed 4 days after the reported transaction date). Power of Attorney attached as Exhibit 24.

Context Withholding shares to cover taxes on vested restricted stock is a routine administrative action and generally does not signal a deliberate open-market sale or change in insider sentiment. This was not an exercise-and-sell cashless transaction; it was an automatic tax withholding upon vesting.