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

Signature
/s/ Kelly A. Albin 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
17 Sep 2024, 19:00:31 UTC
Previous filing
13 Jun 2023
Next filing
31 Aug 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PHIN Common Stock Award $0 +1,834 $0.000000 1,834 18 Jul 2023 By spouse F1, F2
transaction PHIN Common Stock Award $0 +1,510 +81% $0.000000 3,378 16 Feb 2024 By spouse F2, F3, F4
transaction PHIN Common Stock Gift $0 +8 +0.01% $0.000000 63,698 27 Jun 2024 Direct F5
transaction PHIN Common Stock Award $0 +304 +0.48% $0.000000 64,002 13 Sep 2024 Direct F6, F7
transaction PHIN Common Stock Award $0 +18 +0.53% $0.000000 3,440 13 Sep 2024 By spouse F4, F6, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction is the result of the consummation on July 3, 2023 of the distribution of 100% of the shares of common stock of the issuer by BorgWarner Inc. ("BorgWarner") to holders of BorgWarner common stock on a pro rata basis (the "Spin-Off") and represents an award of restricted stock to the reporting person's spouse with respect to the issuer's common stock resulting from the conversion of certain equity-based awards previously granted by BorgWarner as a result of the Spin-Off, which will vest on the same schedule as its related pre-conversion award.
F2 Previous transactions of the reporting owner's spouse with respect to the issuer's common stock were inadvertently omitted.
F3 Represents an award of restricted stock to the reporting person's spouse with respect to the issuer's common stock, which will vest in three annual installments of 503 on February 28, 2025, 503 on February 28, 2026, and 504 on February 28, 2027.
F4 Includes shares of restricted stock acquired following the automatic reinvestment of dividends on outstanding restricted stock, as required by the terms of such awards, through the applicable transaction date.
F5 Shares were acquired by the reporting person as a result of an inheritance.
F6 Reflects shares of restricted stock acquired following the automatic reinvestment of dividends on outstanding restricted stock held on the dividend record date, as required by the terms of such awards.
F7 Includes 56,216 shares of restricted stock.
F8 Shares listed are restricted stock. The reporting person disclaims beneficial ownership of these securities, and the filing of this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.