secwatch.observer — SEC 8-K summary
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Issuer:     PHINIA INC. (PHIN)
CIK:        0001968915
Form:       8-K
Filed at:   2024-02-21T23:59:59+00:00
Accession:  0001140361-24-008678
Event type: other_material
Sentiment:  neutral
Materiality: 0.20
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1968915/000114036124008678/0001140361-24-008678-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1968915/000114036124008678/ef20022022_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-008678

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer