---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-24-008678"
form_type: "8-K"
ticker: "PHIN"
cik: "0001968915"
company_name: "PHINIA INC."
filed_at: "2024-02-21T23:59:59+00:00"
generated_at: "2026-06-05T22:25:48.845060+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.2
calibrated_materiality_score: 0.2
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001140361-24-008678
- form_type: 8-K
- ticker: PHIN
- cik: 0001968915
- company_name: PHINIA INC.
- filed_at: 2024-02-21T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.2
- calibrated_materiality_score: 0.2
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1968915/000114036124008678/0001140361-24-008678-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1968915/000114036124008678/ef20022022_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-24-008678
- JSON: https://secwatch.observer/filing/0001140361-24-008678.json
- Plain text: https://secwatch.observer/filing/0001140361-24-008678.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.