Phinia sets 2024 executive comp; CEO Ericson target bonus $1.25M, LTI $4.5M

PHINIA INC.

CEO Brady Ericson target cash bonus $1.25M (125% salary) and LTI award $4.5M.
Other NEOs: Gropp $1M LTI, Boyle $500k, Anderson $275k, Di Beasi $415k.
Cash bonus based equally on Economic Value and Adjusted FCF; payout 0%-200%.
LTI: 60% PSUs with relative TSR comparator over 3 years; 40% restricted stock 3-year vest.
Committee retains discretion to adjust cash payouts up to ±10% based on strategic goals.

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