Newton Latondra 4
4 · PHINIA INC. · Filed Mar 24, 2026
Research Summary
AI-generated summary of this filing
PHINIA Director Newton Latondra Receives 16-Share Award
What Happened
Newton Latondra, a director of PHINIA Inc. (PHIN), received a grant of 16 deferred restricted stock units (DRSUs) on 2026-03-20. The reported acquisition price is $0.00, indicating an award/grant rather than a purchase. These 16 DRSUs are derivative awards that represent the economic equivalent of 16 shares of PHINIA common stock and will convert to shares under the issuer's plan terms.
Key Details
- Transaction date: 2026-03-20; Form 4 filed 2026-03-24 (within the two business-day filing window).
- Transaction type/code: A — Grant/Award of derivative securities (DRSUs).
- Amount: 16 DRSUs; reported price $0.00 (no cash exchanged).
- Shares owned after transaction: Not specified in the provided filing details.
- Footnotes:
- F1: Each DRSU equals one share economically and vests on the one-year anniversary of the grant; DRSUs settle into shares (including any dividend-equivalent DRSUs) upon the reporting person's termination of board service under the Director Deferred Compensation Program and 2023 Stock Incentive Plan.
- F2: Some DRSUs can reflect automatic reinvestment of dividend equivalents on outstanding DRSUs held on the dividend record date.
Context
This was an equity award (not a market purchase or sale). DRSUs are derivative awards that typically do not result in immediate share ownership or sale proceeds; they convert to actual shares per the plan’s vesting/settlement rules and may affect long-term alignment with shareholders. The $0.00 price and footnotes indicate standard director compensation and dividend reinvestment mechanics rather than a cash investment or disposition.
Insider Transaction Report
- Award
Deferred Restricted Stock Units
[F1][F2]2026-03-20+16→ 3,367 total→ Common Stock (16 underlying)
- 16,556
Common Stock
Footnotes (2)
- [F1]Each deferred restricted stock unit ("DRSU") is the economic equivalent of one share of PHINIA Inc. common stock and will vest on the one-year anniversary of the grant date. These DRSUs will settle into an equal number of shares of the issuer's Common Stock, including any additional DRSUs acquired as a result of dividend equivalents that have vested, upon the reporting person's termination of board service pursuant to the issuer's Director Deferred Compensation Program and 2023 Stock Incentive Plan.
- [F2]Represents shares of DRSUs acquired following the automatic reinvestment of dividends on outstanding DRSUs held on the dividend record date, as required by the terms of such award.