Form 4 for PHIN PHINIA INC.
Accepted 2023-07-27 00:00:00 ET · period of report 2023-07-25 · accession 0000897069-23-001019 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| M | 2023-07-27 | 2023-07-25 | PHIN | Ericson Brady D | Pres, CEO*, Dir | A - Grant | — | +150.8K | 272.6K | +124% | — |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2023-07-25 | A | A | 55,787 | — | 177,591 | D | — | — | (F1) The transactions reported herein are the result of the consummation on July 3, 2023 of the distribution of 100% of the shares of common stock of PHINIA Inc. ("PHINIA") by BorgWarner Inc. ("BorgWarner") to holders of BorgWarner common stock on a pro rata basis (the "Spin-Off"). (F2) Represents an award of restricted stock units with respect to PHINIA common stock resulting from the conversion of certain equity-based awards previously granted by BorgWarner as a result of the Spin-Off, each of which will vest on the same schedule as its related pre-conversion award. |
| 2 | Common | Common Stock | 2023-07-25 | A | A | 95,052 | — | 272,643 | D | — | — | (F1) The transactions reported herein are the result of the consummation on July 3, 2023 of the distribution of 100% of the shares of common stock of PHINIA Inc. ("PHINIA") by BorgWarner Inc. ("BorgWarner") to holders of BorgWarner common stock on a pro rata basis (the "Spin-Off"). (F2) Represents an award of restricted stock units with respect to PHINIA common stock resulting from the conversion of certain equity-based awards previously granted by BorgWarner as a result of the Spin-Off, each of which will vest on the same schedule as its related pre-conversion award. |