Key facts
- This page summarizes BORGWARNER INC's Form 4 filing for PHINIA INC. (PHIN).
- 2 reported transactions and 0 derivative rows are listed below.
- Accepted by SEC: 05 Jul 2023, 16:34.
BORGWARNER INC - 01 Jul 2023 Form 4 Insider Report for PHINIA INC. (PHIN)
- Reporting relationship
- 10%+ Owner
- Issuer ticker
- PHIN
- Reported as of
- 01 Jul 2023
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 05 Jul 2023, 16:34:48 UTC
- Prior SEC filing
- 13 Jun 2023
- Source filing
- View source filing
- Reporting owner signature
- /s/ Craig Aaron, Vice President and Controller of BorgWarner Inc.
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
BORGWARNER INC filed Form 4 for PHINIA INC. (PHIN) on 05 Jul 2023.
Change
- Previous filing in this sequence was filed on 13 Jun 2023.
- Current net transaction value: $0.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
PHIN
transaction
Common stock, par value $0.01 per share
Other
- Transaction value
- $0
- Shares
- +47,013,497
- Change %
- +47013497%
- Price
- $0.000000
- Shares after
- 47,013,597
- Date
- 01 Jul 2023
- Ownership
- Direct
- Footnotes
- F1
PHIN
transaction
Common stock, par value $0.01 per share
Other
- Transaction value
- $0
- Shares
- -47,013,597
- Change %
- -100%
- Price
- $0.000000*
- Shares after
- 0
- Date
- 03 Jul 2023
- Ownership
- Direct
- Footnotes
- F2
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 2 footnotes
Footnote F1
In connection with the spin-off of PHINIA Inc. ("PHINIA") by BorgWarner Inc. ("BorgWarner") and pursuant to the terms and conditions of the Contribution Agreement by and between BorgWarner and PHINIA, dated as of July 1, 2023, BorgWarner received 47,013,497 shares of PHINIA common stock, which when combined with the 100 shares of common stock held by BorgWarner prior thereto, equals the number of PHINIA shares distributed by BorgWarner in the Distribution, as such term is defined in the Separation and Distribution Agreement by and between BorgWarner and PHINIA, dated as of July 2, 2023 (the "Separation Agreement").
Footnote F2
In connection with the spin-off of PHINIA by BorgWarner and pursuant to the terms and conditions of the Separation Agreement, BorgWarner effected the Distribution, as such term is defined in the Separation Agreement, on July 3, 2023, and distributed all shares of PHINIA on a pro rata basis to the holders of record of BorgWarner common stock as of June 23, 2023, the record date.