PHINIA (PHIN) Director Newton Latondra Receives DRSU Award

What Happened

• Newton Latondra, a director of PHINIA Inc. (PHIN), received awards on 2026-09-18 totaling 27 deferred restricted stock units (DRSUs): 17 DRSUs reported as an award and 10 DRSUs reported as a derivative award. Each unit was issued at $0.00 (total reported $0). These are awards (transaction code A), not open-market purchases or sales.

Key Details

• Transaction date: 2026-09-18; Filing date (Form 4): 2026-09-21 (timely filing).
• Awards: 17 DRSUs @ $0.00 and 10 DRSUs @ $0.00 (derivative); total 27 DRSUs.
• Footnotes of note:
  • F1: The derivative DRSUs reflect deferred RSUs acquired via automatic dividend reinvestment on outstanding DRSUs.
  • F2: The reporting totals include 3,397 DRSUs that have vested and will settle upon the reporting person's termination of board service.
  • F3: Each DRSU equals the economic equivalent of one share and will vest on May 22, 2027; settlement into shares occurs upon termination of board service under the Director Deferred Compensation Program and 2023 Stock Incentive Plan.
• Power of Attorney attached as Exhibit 24.
• Shares owned after the transaction are not explicitly listed in the reported lines; see F2 for information on already-vested DRSUs.

Context

• DRSUs are deferred awards (not immediate cash or open-market trades). They represent the right to receive shares later (one DRSU = one share) and are commonly used for director compensation; they do not by themselves indicate immediate buying or selling sentiment. The awards vest or settle under specified plan terms (vesting date and settlement upon termination).