PHINIA (PHIN) Director Norman Daun Receives 14-Share Award

What Happened

• Norman Daun, a director of PHINIA Inc. (PHIN), was granted/received a total of 14 shares on 2026-09-18: 10 restricted common shares (acquired at $0.00) and 4 derivative units recorded as acquisitions at $0.00. These were awards/reinvestments rather than purchases or sales, so no cash changed hands.

Key Details

• Transaction date: 2026-09-18; Price per share/unit: $0.00; Total reported value: $0.
• Award types: 10 restricted stock shares (F1) and 4 deferred restricted stock units (DRSUs, treated as derivative shares) (F4).
• Holdings note: Filing footnote F2 states holdings include 2,158 shares of restricted stock; the filing does not state a consolidated total holdings figure after this transaction.
• Vesting/settlement: Per F3, each DRSU equals one share economically and will vest on May 22, 2027; DRSUs settle into shares upon the reporting person's termination of board service under the Director Deferred Compensation Program and 2023 Stock Incentive Plan.
• Other: The filing includes a Power of Attorney as Exhibit 24. No trading code indicating sale or purchase was used (this is an award/reinvestment).

Context

• This was an award/automatic dividend reinvestment event (routine compensation/dividend mechanics) rather than an open-market buy or sale; such transactions are common for directors and do not by themselves signal trading intent. The DRSUs are derivative, time/condition‑based awards that will convert to shares per the plan terms when vested/settled.