Brady D. Ericson - Jul 25, 2023 Form 4 Insider Report for PHINIA INC. (PHIN)

Role
President and CEO*, Director
Signature
/s/ Robert Boyle as attorney-in-fact for Brady D. Ericson
Stock symbol
PHIN
Transactions as of
Jul 25, 2023
Transactions value $
$0
Form type
4
Date filed
7/27/2023, 04:36 PM
Previous filing
Aug 14, 2023
Next filing
Aug 14, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PHIN Common Stock Award +55.8K +45.8% 178K Jul 25, 2023 Direct F1, F2
transaction PHIN Common Stock Award +95.1K +53.52% 273K Jul 25, 2023 Direct F1, F2
* 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 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.

Remarks:

President and Chief Executive Officer*