PHINIA (PHIN) Director Samuel R. Chapin Receives 10 Restricted Shares

What Happened

Samuel R. Chapin, a director of PHINIA Inc. (PHIN), was credited with 10 shares of restricted stock on 2026-09-18. The shares were reported at $0.00 per share (total reported value $0) and are recorded as an award/acquisition (transaction code A). According to the filing footnote, these shares resulted from the automatic reinvestment of dividends on outstanding restricted stock.

Key Details

• Transaction date: 2026-09-18; reported on Form 4 filed 2026-09-21 (timely within the SEC two-business-day window).
• Transaction type/code: Award/Grant (A) — 10 restricted shares acquired at $0.00 each (total $0).
• Shares owned/notes: Footnote F2 indicates the filing “includes 2,158 shares of restricted stock” (the filing lists restricted-share holdings in the footnotes).
• Footnotes: F1 — shares from automatic dividend reinvestment; F2 — reference to 2,158 restricted shares. Exhibit 24 (Power of Attorney) is attached.
• No cash purchase or open-market trade reported; these are company-issued restricted shares, typically subject to transfer/vesting limits.

Context

These shares were acquired via dividend reinvestment into restricted stock rather than an open-market purchase or option exercise, so they do not necessarily signal a new cash investment by the insider. Restricted shares often carry vesting or transfer restrictions, which can limit immediate sale. As always, such filings are factual records of insider holdings and should be considered alongside other disclosures and company news.