Chris P. Gropp - 18 Jul 2023 Form 4 Insider Report for PHINIA INC. (PHIN)

Role
Vice President and CFO*
Signature
/s/ Robert Boyle as attorney-in-fact for Chris P. Gropp
Issuer symbol
PHIN
Transactions as of
18 Jul 2023
Net transactions value
$0
Form type
4
Filing time
20 Jul 2023, 20:09:56 UTC
Previous filing
13 Jun 2023
Next filing
31 Aug 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PHIN Common Stock Award +8,358 +602% 9,746 18 Jul 2023 Direct F1, F2, F3
transaction PHIN Common Stock Award +7,966 +82% 17,712 18 Jul 2023 Direct F1, F2, F3
transaction PHIN Common Stock Award +4,908 +28% 22,620 18 Jul 2023 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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 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.
F3 Includes 1,388 shares of common stock of PHINIA that were distributed in respect of BorgWarner shares held by the reporting person.

Remarks:

Vice President and Chief Financial Officer*