John Lipinski - 18 Jul 2023 Form 4 Insider Report for PHINIA INC. (PHIN)

Role
VP and GM Fuel Syst. Europe*
Signature
/s/ Robert Boyle as attorney-in-fact for John Lipinski
Issuer symbol
PHIN
Transactions as of
18 Jul 2023
Net transactions value
$0
Form type
4
Filing time
20 Jul 2023, 20:17:39 UTC
Previous filing
13 Jul 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 +4,978 +623% 5,777 18 Jul 2023 Direct F1, F2, F3
transaction PHIN Common Stock Award +3,542 +61% 9,319 18 Jul 2023 Direct F1, F2, F3
transaction PHIN Common Stock Award +1,964 +21% 11,283 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 799 shares of common stock of PHINIA that were distributed in respect of BorgWarner shares held by the reporting person.

Remarks:

Vice President and General Manager Fuel Systems Europe*