Logar Matthew 4
Research Summary
AI-generated summary
PHINIA (PHIN) SVP Matthew Logar Shares Withheld for Taxes (848)
What Happened
- Matthew Logar, SVP and Chief Investment Officer of PHINIA Inc. (PHIN), had 848 shares disposed/withheld on 2026-02-27 to satisfy tax withholding upon the vesting of restricted stock. The withholding price was $72.63 per share for a total of $61,590. This was a mandatory tax-withholding disposition (not an open-market sale).
Key Details
- Transaction date and price: 2026-02-27, 848 shares at $72.63/share.
- Total value withheld: $61,590.
- Transaction code: F — shares automatically withheld to satisfy tax withholding on vesting.
- Footnotes: F1 confirms mandatory withholding to satisfy tax liability; F2 notes the filing “includes 11,934 shares of restricted stock.”
- Filing: Form 4 filed 2026-03-03. Filing appears timely (filed within two business days after the 2026-02-27 transaction).
Context
- This was a routine tax-withholding event tied to restricted stock vesting (not a market sale or purchase). Such withholdings are common and generally do not indicate the insider’s view on the company’s prospects.