Form 4: PHINIA CFO Chris Gropp Reports Restricted Stock Acquisition Through Dividend Reinvestment
Statement of Changes in Beneficial Ownership
PHINIA Inc.'s Vice President and CFO, Chris P. Gropp, reported the acquisition of additional common stock through the automatic reinvestment of dividends on outstanding restricted stock awards.
Summary
- Chris P. Gropp, Vice President and CFO of PHINIA INC. (PHIN), acquired 317 shares of common stock directly and 19 shares indirectly (by spouse) on June 16, 2025.
- These acquisitions were a result of the automatic reinvestment of dividends on outstanding restricted stock held by Gropp and his spouse.
- The shares were acquired at a price of $0, consistent with dividend reinvestment.
- Following these transactions, Chris P. Gropp directly beneficially owns 67,645 shares of common stock, which includes 50,554 shares of restricted stock (including reinvested dividends).
- Indirectly, through his spouse, Gropp's beneficial ownership increased to 3,890 shares, including 2,913 shares of restricted stock (including reinvested dividends).
- Gropp disclaims beneficial ownership of the securities held by his spouse.
- A Power of Attorney, dated June 12, 2025, was granted by Chris P. Gropp to Robert Boyle, Kelly Albin, and Kate Vandenberg of PHINIA Inc. to handle Section 16 filings and EDGAR account administration on his behalf.
Sentiment
Score: 5
Explanation: The document is a factual disclosure of an insider transaction (dividend reinvestment) and does not convey positive or negative sentiment regarding the company's performance or outlook.
Future Outlook
This document does not contain any forward-looking statements or guidance.
Management Comments
- The reporting person disclaims beneficial ownership of these securities (held by spouse), and the filing of this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.
Industry Context
This Form 4 filing is a routine disclosure of insider stock transactions and does not provide broader industry context or trends.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney Grant | Chris P. Gropp granted a Power of Attorney to Robert Boyle, Kelly Albin, and Kate Vandenberg of PHINIA Inc. to prepare and execute Section 16 filings and manage his EDGAR account. | 06/12/2025 | Streamlines compliance with Section 16 reporting requirements for the reporting person by delegating administrative tasks to company personnel. |
Stakeholder Impact
- Shareholders: Provides transparency regarding insider stock holdings and changes, specifically related to executive compensation through restricted stock and dividend reinvestment.
Key Dates
| Date | Description |
|---|---|
| 06/12/2025 | Date Chris P. Gropp executed the Power of Attorney. |
| 06/16/2025 | Date of the reported transaction (acquisition of common stock through dividend reinvestment). |
| 06/18/2025 | Date the Form 4 was signed by the attorney-in-fact for Chris P. Gropp. |
Keywords
PHINIA INC., PHIN, Chris P. Gropp, Form 4, SEC filing, insider transaction, restricted stock, dividend reinvestment, beneficial ownership, CFO
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.