PHINIA Inc. (PHIN) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
PHINIA Inc.’s Compensation Committee has approved the 2024 incentive compensation for the company’s executive officers, encompassing annual cash bonuses and long-term equity incentives to align their interests with shareholder value. Bonuses are tied to economic value and adjusted free cash flow, with potential payouts ranging from 0% to 200% of their target opportunities, based on performance. Additionally, long-term incentives include performance stock units, determined by shareholder return, and restricted stock, which vest over time, designed to encourage executive retention and sustained company performance.
For further insights into PHIN stock, check out TipRanks’ Stock Analysis page.
