Brady D. Ericson - 18 Jul 2023 Form 4/A - Amendment Insider Report for PHINIA INC. (PHIN)

Role
President and CEO*, Director
Signature
/s/ Robert Boyle as attorney-in-fact for Brady D. Ericson
Issuer symbol
PHIN
Transactions as of
18 Jul 2023
Net transactions value
$0
Form type
4/A - Amendment
Filing time
14 Aug 2023, 18:15:28 UTC
Date Of Original Report
20 Jul 2023
Previous filing
13 Jun 2023
Next filing
27 Jul 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 +51,090 +2829% 52,896 18 Jul 2023 Direct F1, F2, F4
transaction PHIN Common Stock Award +25,510 +48% 78,406 18 Jul 2023 Direct F1, F3, F4
transaction PHIN Common Stock Award +23,872 +30% 102,278 18 Jul 2023 Direct F1, F3, F4
transaction PHIN Common Stock Award +13,388 +13% 115,666 18 Jul 2023 Direct F1, F3, F4
* 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.
F3 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.
F4 Includes 1,806 shares of common stock of PHINIA that were distributed in respect of BorgWarner shares held by the reporting person. The original Form 4 inadvertently misreported this number as 7,944 shares. This amended Form 4 is being filed solely to revise the number of shares included in this column. The number of shares reported as beneficially owned on the Form 4 filed by the reporting person on July 27, 2023 are deemed adjusted accordingly.

Remarks:

President and Chief Executive Officer*