Phinia Inc. Executive Compensation Details Revealed

Ticker: PHIN · Form: DEF 14A · Filed: 2024-03-27T00:00:00.000Z

Sentiment: neutral

Topics: executive-compensation, proxy-statement, governance

TL;DR

Phinia Inc. DEF 14A out: Executive pay details for 2023, including stock awards & options.

AI Summary

Phinia Inc. filed its DEF 14A on March 27, 2024, detailing executive compensation for the fiscal year ending December 31, 2023. The filing includes information on stock awards, stock options, and pension adjustments for executives, such as Mr. Ericson. Specific dollar amounts for these compensation elements are detailed within the various tables presented in the filing.

Why It Matters

This filing provides transparency into how Phinia Inc. compensates its top executives, which can influence investor decisions and perceptions of company management.

Risk Assessment

Risk Level: medium — DEF 14A filings are routine disclosures, but the details of executive compensation can sometimes reveal underlying company performance or governance concerns.

Key Numbers

2023 — Fiscal Year (Period for which executive compensation is reported.)
DEF 14A — Form Type (Type of SEC filing, indicating proxy statement details.)

Key Players & Entities

PHINIA INC. (company) — Filer
Mr. Ericson (person) — Executive mentioned in compensation tables
20240327 (date) — Filing date
2023-12-31 (date) — Fiscal year end

FAQ

What is the primary purpose of this DEF 14A filing for Phinia Inc.?

The primary purpose is to provide shareholders with information regarding the company's annual meeting, including details on executive compensation, director nominations, and other corporate governance matters.

Who is Mr. Ericson, and why is he mentioned in relation to compensation adjustments?

Mr. Ericson is an executive of Phinia Inc. whose compensation, including changes in pension value, stock awards, and stock options, is detailed in the filing for the fiscal year 2023.

What specific types of executive compensation are detailed in the filing?

The filing details various compensation components, including changes in pension value, stock awards adjustments, stock options adjustments, and equity awards reported, granted, and vested.

When was this DEF 14A filing submitted to the SEC?

This DEF 14A filing was submitted to the SEC on March 27, 2024.

What is the fiscal year end date for which the compensation data in this filing is relevant?

The compensation data in this filing is relevant for the fiscal year ending December 31, 2023.

From the Filing

0001628280-24-013322.txt : 20240327 0001628280-24-013322.hdr.sgml : 20240327 20240327164015 ACCESSION NUMBER: 0001628280-24-013322 CONFORMED SUBMISSION TYPE: DEF 14A PUBLIC DOCUMENT COUNT: 90 CONFORMED PERIOD OF REPORT: 20240509 FILED AS OF DATE: 20240327 DATE AS OF CHANGE: 20240327 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PHINIA INC. CENTRAL INDEX KEY: 0001968915 STANDARD INDUSTRIAL CLASSIFICATION: MOTOR VEHICLE PARTS & ACCESSORIES [3714] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: DEF 14A SEC ACT: 1934 Act SEC FILE NUMBER: 001-41708 FILM NUMBER: 24791423 BUSINESS ADDRESS: STREET 1: 3000 UNIVERSITY DRIVE CITY: AUBURN HILLS STATE: MI ZIP: 48326 BUSINESS PHONE: 947-262-8147 MAIL ADDRESS: STREET 1: 3000 UNIVERSITY DRIVE CITY: AUBURN HILLS STATE: MI ZIP: 48326 DEF 14A 1 phin-20240327.htm DEF 14A phin-20240327 0001968915 DEF 14A false 0001968915 2023-01-01 2023-12-31 iso4217:USD 0001968915 phin:Mr.EricsonMember phin:ChangeInPensionValueMember ecd:PeoMember 2023-01-01 2023-12-31 0001968915 phin:Mr.EricsonMember ecd:PeoMember phin:PensionAdjustmentsServiceCostMember 2023-01-01 2023-12-31 0001968915 phin:PensionAdjustmentsPriorServiceCostMember phin:Mr.EricsonMember ecd:PeoMember 2023-01-01 2023-12-31 0001968915 phin:Mr.EricsonMember phin:StockAwardsAdjustmentsMember ecd:PeoMember 2023-01-01 2023-12-31 0001968915 phin:Mr.EricsonMember phin:StockOptionsAdjustmentsMember ecd:PeoMember 2023-01-01 2023-12-31 0001968915 phin:Mr.EricsonMember phin:EquityAwardsReportedValueOutstandingAndUnvestedMember ecd:PeoMember 2023-01-01 2023-12-31 0001968915 phin:Mr.EricsonMember phin:EquityAwardsGrantedInPriorYearsUnvestedMember ecd:PeoMember 2023-01-01 2023-12-31 0001968915 phin:Mr.EricsonMember phin:EquityAwardsGrantedAndVestedInCurrentPeriodMember ecd:PeoMember 2023-01-01 2023-12-31 0001968915 phin:Mr.EricsonMember phin:EquityAwardsGrantedInPriorYearsVestedMember ecd:PeoMember 2023-01-01 2023-12-31 0001968915 phin:Mr.EricsonMember phin:EquityAwardsThatFailedToMeetVestingConditionsMember ecd:PeoMember 2023-01-01 2023-12-31 0001968915 phin:Mr.EricsonMember ecd:PeoMember phin:EquityAwardsValueOfDividendsAndOtherEarningsPaidAdjustmentMember 2023-01-01 2023-12-31 0001968915 phin:Mr.EricsonMember phin:EquityAwardsExcessFairValueForAwardModificationsMember ecd:PeoMember 2023-01-01 2023-12-31 0001968915 phin:ChangeInPensionValueMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0001968915 ecd:NonPeoNeoMember phin:PensionAdjustmentsServiceCostMember 2023-01-01 2023-12-31 0001968915 phin:PensionAdjustmentsPriorServiceCostMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0001968915 phin:StockAwardsAdjustmentsMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0001968915 phin:StockOptionsAdjustmentsMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0001968915 phin:EquityAwardsReportedValueOutstandingAndUnvestedMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0001968915 phin:EquityAwardsGrantedInPriorYearsUnvestedMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0001968915 phin:EquityAwardsGrantedAndVestedInCurrentPeriodMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0001968915 phin:EquityAwardsGrantedInPriorYearsVestedMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0001968915 phin:EquityAwardsThatFailedToMeetVestingConditionsMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0001968915 ecd:NonPeoNeoMember phin:EquityAwardsValueOfDividendsAndOtherEarningsPaidAdjustmentMember 2023-01-01 2023-12-31 0001968915 phin:EquityAwardsExcessFairValueForAwardModificationsMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0001968915 1 2023-01-01 2023-12-31 0001968915 ecd:NonPeoNeoMember 1 2023-01-01 2023-12-31 0001968915 ecd:NonPeoNeoMember 2 2023-01-01 2023-12-31 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A (RULE 14a-101) INFORMATION REQUIRED IN PROXY STATEMENT SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchang